Used for listed equity securities. Security order originating with a member on the floor of an exchange when dealing with his or her own account, versus an upstairs order. Antithesis of off-floor order.
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An order to buy or sell a security made by a member firm on the trading floor. On-floor orders may be made when an exchange has an open outcry system. Off-floor orders have priority over on-floor orders.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An order to trade a security that originates from an exchange member on the exchange floor. On-floor orders are subordinated to off-floor orders. Compare off-floor 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.