Held Order


DEFINITION of 'Held Order'

A market order that must be promptly executed so that the request is immediately filled. In most cases, the trader will be required to hit the bid for purchase orders or, in case of a sell, to take the offer.


When filling a held order, traders have very little discretion when finding a price because time is scarce. Typically, they will be forced to match the highest bid or offer the lowest selling price to facilitate a quick transaction. Held orders are used by investors who want to quickly change their exposure to a certain stock.

  1. Stop-Loss Order

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  4. Order

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  5. Not-Held Order

    A market or limit order that gives the broker or floor trader ...
  6. Market Order

    An order that an investor makes through a broker or brokerage ...
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  1. How do I place an order to buy or sell shares?

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  5. Should I enter a limit order to buy a position with a bid and ask that are far apart?

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