off-floor order

off-floor order definition - finance
An order to buy or sell a security that comes from off of the exchange floor, meaning that it is from a broker who is processing an order for a customer, in contrast to an on-floor order, which often comes from a floor member trading for a personal account. Off-floor orders are required to be executed before on-floor orders.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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