A type of order that is placed by a financial broker for the purpose of buying or selling a security on an exchange that the broker chooses. Therefore, the client who employs the broker to initiate this transaction is allowed to tell the broker that a particular exchange is preferable to them for this specific buy or sell transaction.
Related information about non-directed order:
- Non-Directed Order Definition | Investopedia
A customer order where specific instructions are not given, by the customer to the broker, pertaining to its routing destination.
- Non-Directed Order - Financial Dictionary - The Free Dictionary
An order to a broker to buy or sell a security on the exchange of the broker's choice. A client has the ability to tell the broker his/her preferred exchange for the ...
- Non-Directed Order: Definition from Answers.com
Non-Directed Order A customer order where specific instructions are not given, by the customer to the broker, pertaining to its routing destination.
- What is non-directed order? definition and meaning
Definition of non-directed order: A type of order that is placed by a financial broker for the purpose of buying or selling a security on an exchange that the broker ...
- SEC Order Routing Report - Stock USA - Execution Services for ...
In some circumstances of non-directed order flow, Stock USA Execution ... In cases when Stock USA's non-directed order flow is routed to market makers, the ...
- Order Routing Disclosure Report - Dynamex - Trading & Execution
A Non-Directed order means any customer order other than a directed order. Dynamex selects the execution venue on behalf of its customers for all ...
- Order-Routing: Charles Schwab
Venue, % of Non-Directed Order Flow Received, Order Composition as a % of Total Non-Directed Order Type. NON DIRECT, MARKET ORDERS, LIMIT ...
- 34-43590
Nov 27, 2000 ... Paragraph (a)(5) defines a non-directed order as any customer order other than a directed order. Paragraph (a)(3) defines a directed order as a ...