Preference

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Preference

Refers to over-the-counter trading. Selection of a dealer to handle a trade despite the dealer's market not being the best available. Often the "preferenced dealer" will then move his market in line.

Preference

The practice of executing trades and other transactions by means other than the open market. For example, if one needs roofing repairs on one's house, one may select one's brother's roofing business even if it is more expensive. In securities, preference often occurs in over-the-counter trades, especially within a brokerage. Preference can, but does not always, lead to economic inefficiency.

preference

The practice of matching customers' buy and sell orders away from the primary exchange. Preferencing is opposed by the New York Stock Exchange because it claims the practice unfairly benefits brokerage firms and doesn't give customer orders the chance to see other customer orders in a public market. Compare in-house trade.
References in classic literature ?
Those who prefer to, go on with the two-step, but the majority go through an intricate series of motions, resembling more fancy skating than a dance.
And George and Tom moved to a comfortable seat in the chimney-corner, while Aunte Chloe, after baking a goodly pile of cakes, took her baby on her lap, and began alternately filling its mouth and her own, and distributing to Mose and Pete, who seemed rather to prefer eating theirs as they rolled about on the floor under the table, tickling each other, and occasionally pulling the baby's toes.
But I prefer the first, which, indeed, is the most probable derivation.
He is now ready for business--or play, as he shall prefer.
He was a fine, majestic creature, a gentleman according to the nicest requirements of the Virginia rule, a devoted Presbyterian, an authority on the "code", and a man always courteously ready to stand up before you in the field if any act or word of his had seemed doubtful or suspicious to you, and explain it with any weapon you might prefer from bradawls to artillery.