missing the market
Miss the Price/Market
1. To fail, through negligence, to execute an order on terms favorable to a client. A broker who misses the price/market consistently is thought to be poor at his/her job.
2. To receive an order to buy or sell a security at a certain price immediately after that price has ceased to be available.
2. To receive an order to buy or sell a security at a certain price immediately after that price has ceased to be available.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
missing the market
Failing to execute a customer's order at an available price that was favorable to the customer. For example, through oversight on the part of the broker, a customer's limit order to purchase stock at $20 might not be executed even though the stock traded at less than $20 after the order was entered. The broker who misses the market is generally responsible for making good on the order.
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.