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Off floor order |
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Off 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.Off floor order Similar MatchesFloor pictureFloor pictureDetails of the trading crowd for a stock, such as the major players, their sizes, and the outside market +/- an eighth. Equity floorEquity floorAn agreement in which one party agrees to pay the other at specific time periods if a specific stock market benchmark falls below a predetermined level. Floor traderFloor traderA stock exchange member who generally trades only for his own account or for an account controlled by him, or who has such a trade made for him. Also referred to as a "local." Interest rate floorInterest rate floorAn interest rate agreement in which payments are made when the reference rate falls below the strike rate. Related: Interest rate cap. 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. Further SuggestionsFloor brokerOn floor order Floor Floor official Floor planning Floor ticket Open depending on the floor Floor |
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