On-floor order

On-Floor Order
Financial & Investment Dictionary:
On-Floor Order
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On-floor order
Used 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.

on-floor order
security order originating with a member on the floor of an exchange when dealing for his or her own account.

Antithesis of on-floor order; (2) order not handled on the floor but instead upstairs. Offer Indicates a willingness to sell at a given price. Related: Bid. Offer price See: Offer. Offer wanted Used in the context of general equities.

on-floor order An order that is placed by a member of an exchange for his or her own account. on-the-run Treasuries The most recent set of Treasury securities of a given maturity.

Exchange rules require off-floor orders, which are made on behalf of customers, to be executed before on-floor orders, which are made for exchange members'own accounts.

A market order that is to be executed as close as possible to the closing price of the day.
On-floor order ...

These customer orders are placed with a broker and are required to be executed before orders that were initiated on the floor (on-floor orders--floor member orders who are trading for their own accounts).

See also: Off-floor order, Limit Order, Odd lot, Operating cash flow, Opening transaction