Stopped Order(redirected from Stopped Orders)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved