Principal Order(redirected from Principal Orders)
An order made by a brokerage on its own account, as opposed to a client's. Principal orders must be registered as such on the exchange where they are made to protect investors from abuse or possible insider trading. In a principal order, the broker acts as a dealer because it seeks to trade on its own account. See also: Principal Trade.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved