Purchase or sell orders made on securities that allow a broker dealer's discretion to be factored in by a fraction of a point. The broker dealer can alter the price in either direction as long as he or she stays within that fraction of a point. For example a price for a share may be issued at $100 with a 75 cent discretion, which gives the broker dealer the ability to accept $99.25 a share.
Related information about fractional discretion order:
- Fractional Discretion Order - Financial Dictionary - The Free Dictionary
A type of order that gives the broker discretion to alter the price, up or down, within a specific fractional range in order to guarantee an execution.
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- What is fractional discretion order? definition and meaning
Definition of fractional discretion order: Purchase or sell orders made on securities that allow a broker dealer's discretion to be factored in by a fraction of a point.
- Fractional Discretion Order: Definition from Answers.com
buy or sell order for securities that allows the broker discretion within a specified fraction of a point.
- fractional discretion order - Invest Definition
fractional discretion order definition: A customer's order to buy or sell a security, giving the broker limited discretion as to price. For example, an order to sell 200 ...
- F Definitions: Campbell R. Harvey's Hypertextual Finance Glossary
Fractional discretion order: A type of order that gives the broker discretion to alter the price, up or down, within a specific fractional range in order to guarantee an ...
- What is Fractional Basis (Real Estate) - Super Glossary
Fractional Discretion Order: Refers to the practice of institutional investors trading large blocks of securities directly to avoid brokerage commissions.