with or without (WOW)

with or without (WOW)

Used to designate an odd-lot order in which the customer asks for an immediate execution. An odd-lot purchase order marked WOW will be executed at the current offering price plus any odd-lot differential, and an odd-lot sell order will receive the current bid price minus any odd-lot differential. An odd-lot order marked with or without is likely to result in a lower sale price or in a higher purchase price than an ordinary odd-lot order.