Market not held order

Market Not Held Order
Mutual-Fund Advisory Program
Nondiscretionary trust
Not held order ...

Market Not Held Order
This is a market order where the investor gives the floor trader the discretion to execute the order when he feels it is best.

Market Not Held Order Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution.

market not held order A market order, where the floor trader has the discretion to execute the order when he or she feels it is best. market on close order A buy or sell order, executed as near as possible to the end of the day.

If the floor broker expects a decline in price and he is holding a "market not held buy order", he (she) may wait to buy, figuring that a better price will soon be available. There is no guarantee that a "market not held order" will be filled.

the case of a limit order that gives the floor broker some distance from the stated limit price to use his judgment in executing the order. Discretion can also be unlimited, as in the case of a market-not-held order. See also: Market Not Held Order.

Market Not Held Order
This is a market order, an order to buy or sell securities, but one that gives the broker discretion to execute the order when he feels it i...(Read more)
Market Order ...

See also: Market Not Held Order. Discretionary account Account over which an individual or organization, other than the person in whose name the account is carried, exercises trading authority or control.

See also: Held order, Limit Order, Margin account, Limit price, Margin call