Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution. If the floor broker expects a decline in price and he is holding a "market not held buy order, he (she) may wait to buy, figuring that a better price will soon be available. There is no guarantee that a "Market Not Held Order" will be filled.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Market Not Held Order. Retrieved September 24, 2026, from http://smartdefine.org/market_not_held_order/definitions/1157836 |
| Chicago | Barry Goldsmith. 2010. "Market Not Held Order" http://smartdefine.org/market_not_held_order/definitions/1157836 (accessed September 24, 2026). |
| Harvard | Barry Goldsmith 2010, Market Not Held Order, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/market_not_held_order/definitions/1157836>. |
| MLA | Barry Goldsmith. "Market Not Held Order" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/market_not_held_order/definitions/1157836> |