upstairs market

Upstairs market

A network of trading desks for the major brokerage firms and institutional investors, which communicate with each other by means of electronic display systems and telephones to facilitate block trades and program trades.

Upstairs Market

The trading of listed securities that occurs off the floor of the exchange. That is, the upstairs market is essentially over-the-counter trading for a listed security. Much of the time, upstairs trades occur within a broker-dealer firm with the broker-dealer acting as the agent for both counterparties. Some exchanges prohibit these trades.

upstairs market

The trading of securities within a broker-dealer firm rather than taking a trade to an exchange floor or trading with another broker-dealer in the over-the-counter market. In the upstairs market, the broker-dealer acts as a dealer or as an agent for both parties.
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References in periodicals archive ?
The following vendors will be providing prepared foods in the upstairs Market Cafe during the February Winter Market:
Oneida returned to the stemware business at this market, unveiling a collection called Couplets geared toward the upstairs market.
2 Martha is counting on Macy's to be her main royalty squeeze, as well as a worm hole into the upstairs market as she leaves behind the blue lights of Kmart.
It had been mounted on the outstretched hand of the six ft high statue of Elvis in Kelly's Records - an upstairs market stall.
They find that the upstairs market at the Paris Bourse is an important source of liquidity for large transactions.
Meanwhile, as expected, SHOPA was awash in Harry Potter products, primarily those aimed at the specialty and upstairs market.
As a key part of the formal, upstairs market it has suffered from the same declining consumer interest the other upstairs categories have endured.
The market, which was included in 1996 in the International Finance Corporation database, operated under a dual trading system, consisting of an upstairs market for large block trades and a trading floor exchange.
Mass market retailers will now have the opportunity to have an apparel brand linked with NFL licensed products in the same manner that has proved so successful in the upstairs market.
Block and Sasaki are being offered to the upstairs market in what Steve Lizak, president of Lifetime's tabletop division, refers to as an "environmental" setting.
The high thread-count sheets and low-twist towels that represent what passes for the upstairs market in textiles are virtually all coming from overseas.
We think it's an important part of developing a consumer habit, especially as it relates to those brands and programs which are a little more expensive and more fundamental to the upstairs market," Hamilton said.