|
|
Not held order (NH order) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Not held order (NH order)Applies mainly to international equities. Market or limit order in which the customer does not desire to transact automatically at the inside market (market held) but instead has given the trader or floor broker (listed stock) time and price discretion in transacting on a best-efforts basis. This will not hold the broker responsible for missing the price within the limits (limit not held) or obtaining a worse price (market not held). The order is marked "not held, disregard tape/DRT, take time" or bears any such qualifying notation, excluding "or better." See: Held order.Not held order (NH order) Similar MatchesPresale orderPresale orderAn order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering. Small Order Execution System (SOES)Small Order Execution System (SOES)Three-tiered system of automatic execution of an order at the best price. Size is either 200, 500, or, most often, 1000 shares. Either or orderEither or orderUsed in the context of general equities. See: Alternative order. Negotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Market not held orderMarket not held orderThis is a market order - i.e. an order to buy or sell securities at the best price - but with the crucial difference that the broker has discretion to execute the order when he feels it is best. If the broker feels that the market will decline, he may hold the order to try to get a better fill. Further SuggestionsFirst order conditionCross border risk Open (good till cancelled) order (GTC order) Do Not Reduce Order (DNR Order) market order Immediate or canceled order (IOC order) Significant order imbalance Contingency order Spread order order book Stop limit order Market Not Held Order Good this Month order (GTM) Cross-border supply Limit on close order Upstairs order Money order contingent order Negotiable Order of Withdrawal Account (NOW) Roll order Scale order Day around order Borderless world Contingent order Market order go along or participating |
|
|
|