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Your customer wants to buy 1,000 shares of XYZ stock and has entered a not-held order with instructions to you to purchase the stock when you feel the price looks right. Under the rules, this order will
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Your customer wants to buy 1,000 shares of XYZ stock and has entered a not-held order with instructions to you to purchase the stock when you feel the price looks right. Under the rules, this order will be treated as

User Oleksiy Khilkevich
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1 Answer

3 votes

Answer:

Day order

Step-by-step explanation:

This is a not held order which must be executed during that trading day. When a customer instructs their trader to execute a not-held order, they are valid only for that day. The exceptions to this rule would require that the customer specifically states a certain time period. Not held orders are instructions to buy or sell securities when the trader believes that the price is right.

User DroidBender
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