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FloorSee price floor.FloorThe area of a stock exchange where active trading occurs. Also the price at which a stop order is activated (when the price drops low enough to activate such an order).Floor Similar MatchesOpen depending on the floorOpen depending on the floorUsed for listed equity securities. Having room for a customer buyer or seller contingent on the results of a trade being executed on the floor (i.e., satisfying the specialist book and the orders the trader opened up). See: Open on the print, subject. Price floorPrice floorA government-imposed lower limit on the price that may be charged for a product. If that limit is binding, it implies a situation of excess supply, which the government may need to purchase itself to keep price from falling. Floor ticketFloor ticketSummary of a stock or commodities exchange order ticket by the registered representative on receipt of a buy or sell order from a client; gives the floor broker the information needed to execute a securities transaction. Floor officialFloor officialAn employee of a stock exchange who settles disputes related to the auction process on the floor of the stock exchange. 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. Further SuggestionsFloor brokerInterest rate floor Equity floor On floor order Floor trader Floor picture Floor planning |
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