Stopped Order

Stopped Order

On the New York Stock Exchange, an order by a specialist on the trading floor that stops the execution of a trade because the specialist believes that a better price will become available. When this occurs, the specialist must guarantee the market price at the time of the stopping of the order in case the better price does not materialize. Stopped orders are given by specialists actively involved in the market who are associated with an NYSE member firm. It should not be confused with a stop order.
References in periodicals archive ?
APTPMA secretary Muhammad Ashraf said that following the imposition of new sales taxes, parties have stopped orders of the textile processing.
"It does not seem the situation will improve so we have announced collective redundancies at the local labour office," said Pavol S#269ensnyacute, the firm's manager, as quoted by TASR.The company's business partners have stopped orders, he added.
They stopped orders of mustard, fenugreek and arugula seeds linked to Suffolk's Thompson and Morgan after eight people were hospitalised.