Order Types

Limit Only

The definite price stated by a customer to a broker restricting the execution of an order to buy for not more than, or to sell for not less than, the stated price.

DRT or Not-Held Order

Absent any restrictions, a “DRT” (Not-Held Order) means any order giving the floor broker complete discretion over price and time in execution of an order, including discretion to execute all, some, or none of this order.

All or None

A type of order issued that stipulates to the broker to fill the order completely or not at all. If the order is not filled it should not be cancelled, as opposed to a fill or kill order.

Resting Order

A limit order to buy at a price below or to sell at a price above the prevailing market that is being held by a floor broker. Such orders may either be day orders or open orders.