Order room

Order room
The brokerage firm department receives and processes all orders to buy and sell securities.
? Mentioned in
No references found ...

ORDER ROOM " A department in a brokerage firm that receives all orders to buy or sell securities.
ORDER SUPPORT SYSTEM (OSS) " Automated order execution system used on the CBOE. See: Automated Order Execution System.

The orders these brokers execute are sent to the floor of the exchange from the trading department or order room of the brokerage firms they work for.

Floor brokers are members of a stock or commodities exchange who handle client orders that are sent to the floor of the exchange from the trading department or order room of the brokerage firms they work for.

Also called an order department or order room.
When A Dispute With Your Broker Calls For Arbitration
Financial Career Shift: Get In The Driver's Seat
Breaking Down Financial Securities Licenses
Investigating The Securities Police ...

for example, temperature can be a control parameter; in a large complex system, temperature can be an order parameter, because it summarizes the effect of the sun, air pressure, and other atmospheric variables. See: Control parameter.
Order room ...

See also: Expense, Floor broker, Bills, Broker-dealer, Free Cash Flow