Non-Client Order

DEFINITION of 'Non-Client Order'

An order on an exchange made by a participant firm or on behalf of a partner, officer, director or employee of the participant firm. Where a participant firm is a firm that is entitled to trade on the exchange, it also known as a member firm. While these orders are allowed, priority must be given to client orders for the same securities.

BREAKING DOWN 'Non-Client Order'

Order tickets will be marked "N-C", "N", or "Emp" depending on the exchange indicating that the orders are non-client orders.

Also known as a "professional order".

RELATED TERMS
  1. Firm Order

    1. A market order to buy or sell a security for a brokerage's ...
  2. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  3. Stock Ahead

    A situation in which an order is placed, but not executed, because ...
  4. Bracketed Buy Order

    A buy order that is accompanied by a sell limit order above the ...
  5. Above The Market

    An order to buy or sell at a price set higher than the current ...
  6. Payment For Order Flow

    The compensation and benefit a brokerage receives by directing ...
Related Articles
  1. Professionals

    Priority Of Option Orders

    The acceptance of bids and offers for exchange-listed options are filled on a first come first serve basis with the highest bid or lowest offer being filled first. Customer orders that are entered ...
  2. Professionals

    Types of Securities Orders

    Securities Orders
  3. Professionals

    Priority Of Exchange Orders

    Orders that are routed to the trading post for execution are prioritized according to price and time. If the price of more than one order is the same, orders will be filled as follows: Priority: ...
  4. Professionals

    Introduction

    A firm handling a customer’s order is entitled to be compensated for executing the customer’s order. How the firm is compensated depends on the way the firm executes the order. Firms ...
  5. Professionals

    Protection Of Customer Orders

    Customer orders are required to be protected by the firm at the price that is reportable to ACT. For example, if a customer placed an order to purchase 1000 shares of GHJK at 10.00 the firm would ...
  6. Professionals

    TYPES OF ORDERS

    Order Execution Most customer orders, which are market orders or executable limit orders, will be routed electronically to the trading post for automatic execution. The electronic system bypasses ...
  7. Brokers

    Explaining Market Orders

    A market order is the most common order used to purchase a financial security.
  8. Economics

    What is a Firm?

    A firm is a business or organization that sells goods or services on a for-profit basis.
  9. Professionals

    Order Execution

    Most customer orders, which are market orders or executable limit orders, will be routed electronically to the trading post for automatic execution. The electronic system bypasses the firm’s ...
  10. Retirement

    Financial Career Shift: Get In The Driver's Seat

    Before you agree to work for another investment firm, be sure you know what you're getting into.
RELATED FAQS
  1. What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within ... Read Answer >>
  2. How do I place a limit order online?

    Learn how a limit order is placed, the types of stocks it is most useful for and the specifications placed with it to suit ... Read Answer >>
  3. What are the regulations surrounding limit order protection?

    Learn about the order protection rule enacted by the Securities and Exchange Commission (SEC) to ensure investors receive ... Read Answer >>
  4. How do I place an order to buy or sell shares?

    Read a brief overview of how to open a brokerage account, how to buy and sell stock, and the different kinds of trade orders ... Read Answer >>
  5. How do I set a strike price in foreign exchange trading?

    Learn about the different order types foreign exchange traders can use to manage positions at certain strike prices and how ... Read Answer >>
  6. What is the difference between a stop and a market order?

    Learn about market orders and stop orders, how they are used and executed, and the main difference between stop orders and ... Read Answer >>
Hot Definitions
  1. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  2. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  3. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  4. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  5. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  6. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
Trading Center