Used for listed equity securities. (1) Order to buy or sell a security that originates off the floor of an exchange; customer orders originating with brokers, as distinguished from orders placed by floor members trading for their own accounts. Exchange rules require that an off-floor order be executed before orders initiated on the floor. Upstairs order. Antithesis of on-floor order; (2) order not handled on the floor but instead upstairs.
Nearby TermsOffering statement Offerings Off-floor order Office of Financial Research Office of the Comptroller of the Currency
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University