Firm order

In the context of general equities, (1) order to buy or sell for the proprietary account of the broker-dealer firm; (2) buy or sell order not conditional upon the customer's confirmation.

Firm Order

1. An order to a broker to buy or sell a security, where the order is not dependent on later confirmation by the client. Rather, the client makes the order and the broker fills it.

2. An order made by a broker-dealer itself rather than an individual investor or other client of the broker-dealer.

firm order

1. An investor's order to buy or sell that is not conditional on any additional instruction.

2. An order placed on behalf of a broker-dealer firm rather than on behalf of the firm's client.

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.

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