resting order

Definition of "resting order"
  1. An order placing a limit to either buy below or sell above the current market price, held by a floor broker, and can be either a day order or an open order
How to use "resting order" in a sentence
  1. Despite the volatile market, the investor submitted a resting order to the floor broker.
  2. The broker held a resting order for two thousand shares at a price point below the current market rate.
  3. A resting order was in place, setting a sell limit above the prevailing market rate.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z