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 Glossary   >   M   >   "Market not held order" Definition   

        Market not held order

This 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.

Market not held order


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Market not held order - This 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.


Market not held order : this 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.