Do Not Increase(redirected from DNI Order)
Do Not Increase (DNI)
A restriction that an investor places on a good til' canceled order to prevent an order increase in the case of a stock dividend or stock split.
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Do Not Increase
In a good til canceled order, an instruction to a broker not to increase the number of shares ordered in the event of a stock split. A stock split increases the number of shares outstanding by some stated ratio, and many brokers increase the number of shares asked or bid to compensate for this. A DNI instructs the broker not to do so.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
do not increase
A directive that the number of shares in an order not be increased in the event of a stock split. The order to which such a directive is added may be either a limit order to buy stock or a stop order to sell stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.