Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
1,782,572,702 visitors served.
forum mailing list For webmasters
?
New: Language forums
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Off-Floor Order

    0.02 sec.
Off-floor order
Used for listed equity securities. (1) Order to buy or sell a security that originates off the floor of an exchange; customer orders originating with brokers, as distinguished from orders placed by floor members trading for their own accounts. Exchange rules require that an off-floor order be executed before orders initiated on the floor. Upstairs order. Antithesis of on-floor order; (2) order not handled on the floor but instead upstairs.

off-floor order
An order that originates outside an exchange to trade a security. Orders entered by individual investors with brokers are off-board orders because they originate off the exchange. Off-floor orders have precedence over orders originating on the exchange floor. Compare on-floor order.

Off-Floor Order
An order to a broker to buy or sell a security in which the investor placing the order is not on the floor of the exchange. Specifically, the investor placing the order is not a market maker placing an order on his/her own account. Exchange rules require that off-floor orders be filled before identical on-floor orders.


How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2009 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.