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Directed Order

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Dictionary Says

Definition of 'Directed Order'

A customer order where the customer gives specific instructions to the broker concerning the orders routing destination.
Investopedia Says

Investopedia explains 'Directed Order'

In this automated era, clients can chose which exchange to have orders filled at. Talk to your broker about it.

Related Definitions

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    Non-Directed Order

    A customer order where specific instructions are not given, by the customer to the broker, pertaining to its routing destination.
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  • Conditional Order

    A type of order that will be submitted or canceled if set criteria are met, which are defined by the trader/investor entering the order. This allows for a greater customization of the ...
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  • Market-With-Protection Order

    A type of market order that is canceled and re-submitted as a limit order if the price of the asset moves dramatically after the investor places the order. The limit on the limit order ...
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    • Contingency Order

      An order that is executed only when certain conditions of the security being traded, or another security, have been fulfilled. Such prerequisite conditions range in scope and depth. In a ...
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    • Cancel Former Order - CFO

      An order from an investor to a broker to cancel a previously placed order that has not yet been filled. Cancel former order (CFO) is used by an investor who has changed his or her mind ...
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