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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 planningFloor planningArrangement used to finance inventory. A finance company buys the inventory, which is then held in trust for the user. On floor orderOn floor orderUsed for listed equity securities. Security order originating with a member on the floor of an exchange when dealing with his or her own account, versus an upstairs order. Antithesis of off-floor order. Open 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. Floor brokerFloor brokerMember of an exchange who is an employee of a member firm and executes orders, as agent, on the floor of the exchange for clients. 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. Further SuggestionsFloor traderFloor Floor ticket Price floor Floor picture Equity floor Floor official Floor |
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