split order

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.

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.

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.
References in periodicals archive ?
On December 12, Chief Justice Syed Mahmud Hossain formed the one-member bench to hear the petition over BNP chairperson Khaleda Zia's candidature in all the three constituencies as the bench of Justice Syed Refaat Ahmed and Justice Md Iqbal Kabir issued a split order on December 11.
Emirates has been evaluating both the A350-900 and proposed 787-10 but Mr Clark has ruled out a split order. The airline is seeking guarantees the weight of the A350 will not rise and wants greater engine thrust for the 787.
The split order follows what is perceived to be a new balanced approach to Russia's relationship with Boeing and Airbus.
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.