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es1

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Alias Born 07/13/2009

es1

Re: bananarama post# 244445

Thursday, 07/28/2022 9:41:59 PM

Thursday, July 28, 2022 9:41:59 PM

Post# of 276780
No problem Bob.
For further explanation...

What Is a Not-Held Order?
A not-held order gives a broker the time and price discretion to seek the best price available. The broker is not held responsible for any potential losses or missed opportunities that result from their best efforts. A held order, in contrast, requires immediate execution.

The not-held order is usually a market or limit order.


An investor may place a not-held order in hopes of obtaining a better price than could be obtained with an immediate transaction.
The not-held gives the broker time to aim for the best possible fill for the client.
Not-held orders may be placed as market orders or limit orders.
Not-held orders absolve the broker from any losses that the shareholder may suffer if the broker misses an opportunity while waiting for a better price.

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