Execute and eliminate - A particular type of order which a client gives to his broker when buying shares.The client specifies the company he wants to buy shares in, a price, and the number of shares he is prepared to buy at that price.When the price of the share matches the price specified by the client, the broker will execute the order up to the number of shares specified. If he cannot get the required number of shares at that price, he will buy what he can and "eliminate" the shortfall.Execute and eliminate orders may also be used on the Stock Exchange"s Electronic Trading Service (SETS).
Execute and eliminate : a particular type of order which a client gives to his broker when buying shares.the client specifies the company he wants to buy shares in, a price, and the number of shares he is prepared to buy at that price.when the price of the share matches the price specified by the client, the broker will execute the order up to the number of shares specified. if he cannot get the required number of shares at that price, he will buy what he can and "eliminate" the shortfall.execute and eliminate orders may also be used on the stock exchange"s electronic trading service (sets).
Execute and eliminate