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Day orderIn the context of general equities, request from a customer to either buy or sell stock, that, if not canceled or executed the day it is placed, expires automatically. All orders are day orders unless otherwise specified. Traders often make calls before the opening to check for renewals.Day orderAn order placed with a broker to purchase or sell stock, a commodity or financial instrument at specified price limits. If not executed that day the order becomes invalid and the broker will not process it.Similar MatchesOrdering CostsOrdering CostsCosts that occur when an order is placed regardless of the size of the order. First order conditionFirst order conditionOne of the mathematical necessary conditions for maximization, used routinely in solving economic models. Typically, it consists of setting equal to zero the derivative of the function being maximized (or its Lagrangian) with respect to a variable that can be controlled. Time orderTime orderOrder that becomes a market or limited price order or is canceled at a specific time. Off floor orderOff floor orderUsed for listed equity securities. (1) Order to buy or sell a security that originates off the floor of an exchange; customer orders originating with brokers, as distinguished from orders placed by floor members trading for their own accounts. Exchange rules require that an off-floor order be executed before orders initiated on the floor. Upstairs order. Antithesis of on-floor order; (2) order not handled on the floor but instead upstairs. Automated Order System (AOS)Automated Order System (AOS)Investment banks, computerized order entry system that sends single order entries to DOT (Odd-Lot) or to investment banks, floor brokers on the exchange. See: Round lot, GTC orders. Further SuggestionsEither or orderMarket Not Held Order Negotiable order of withdrawal (NOW) Split order market order Buy limit order Open (good till cancelled) order (GTC order) Do Not Reduce Order (DNR Order) Cross-border supply Order Book Official standing order Market order go along or participating Designated order turnaround system (DOT) Roll order Working order contingency order Qualified Domestic Relations Order (QDRO) Buy minus order Stop order (or stop) Order splitting Buy order Day around order Super Designated Order Turnaround System Order At the opening order |
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