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Investing Glossary:
Off-floor order
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| 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.
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