Non-Client Order

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Non-Client Order

An order to a broker to buy or sell a security made by a member firm on an exchange, rather than a client. Non-client orders are permissible, but brokers must give priority to client orders. A non-client order is also called a professional order.
References in periodicals archive ?
Forward aims to bring together the Lebanese workforce with more than 200 leading local, regional and multinational companies, recruitment agencies, associations, professional orders, higher educational institutions, training and cultural centers and many more.
Quebec's professional system is based on a delegation of government powers to independent organizations controlled by the professionals: the professional orders.
He has acted as attorney and legal advisor to several professional orders for over 20 years, and has worked as legal counsel for the Ordre des chimistes du Quebec since 1990.
We broke the distinction between customer and professional orders in selected issues with BD AutoEx, and then expanded it floorwide.
The new supervision would be on top of that provided by the professional code for the members of professional orders, creating a duplication of legal frameworks," Beaulieu points out.
The Committee also heard organizations with regard to a bill amending the Professional Code so as to allow for the fusion of certain professional orders.
The player's modern-day emotions and fears are driven into a world charged with grave responsibility affecting lives hanging in the balance and eventually finding himself torn between his professional orders and his own ethical standards.
Recently in Quebec, the professional orders representing notaries, chartered accountants, chartered appraisers and engineers (Chambre des notaries, Ordre des comptables agrees, Ordre des evaluateurs agrees and Ordre des ingenieurs) have joined forces to set up a reference desk for civil and commercial mediation.
ISE's unique advantage, added the President & CEO, "is that it presents a fully electronic auction market where public customers can trade directly with each other," and where "public customers have priority over professional orders and public customers are protected from trading at an inferior price to the best bid or offer from all the options markets in the United States.
With limited production underway, the company has begun shipping its backlog of professional orders received since early October and expects manufacturing at the company's Post Falls, Idaho, facility to increase in the first quarter of 1999.
In addition, as recent Congressional hearings demonstrated, there are potentially costly side effects to decimalization in terms of reduced market depth and enhancement of the ability of professional orders to step ahead of public customers.
WASHINGTON, April 14 /PRNewswire/ -- Trading in the over-the-counter dealer market where professional orders can trade ahead of public customer orders is costly to public investors, American Stock Exchange Chairman James R.
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