split order

(redirected from Split Orders)

Split order

A large securities transaction that is divided into smaller orders that are spread out over some period of time to avoid large fluctuations in the market price.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Split Order

An order to buy or sell a security that, because of its size, is executed as two or more smaller orders. The order is split in order to reduce the pressure for a large price fluctuation that can occur when such orders occur. The exact size of a split order varies according to security. For example, a stock with relatively few shares outstanding will likely have a smaller threshold for a split order than others. Most of the time, split orders are made by institutional investors. Split orders are common among significant orders.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

split order

A relatively large single order that is executed in two or more transactions to minimize its effect on the market price of the security being bought or sold.
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.
References in periodicals archive ?
Historically, basket trades have been passed from the buy-side to sell-side program trading desks, which then split orders across multiple desks depending on the region or country being traded.
The firm also alleged that he had ordered expensive products because of his personal relationships with the companies he ordered from, and split orders to avoid getting authorisation from the general manager.
Other enhancements include a more flexible user interface, a new connection wizard, multiple tax, currency and delivery options, stock monitoring and support for split orders.
MDSS, Inc., offers a scheduler in its Plastics Plus package that can split orders and overlap operations, according to president John Liebert.