Off-floor order - Used 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 : used 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