A discretionary order is an order that allows the broker to delay the execution at its discretion to try to get a better price. These are sometimes called not-held orders.
Read more about this topic: Order (exchange)
Famous quotes containing the word order:
“Our system is the height of absurdity, since we treat the culprit both as a child, so as to have the right to punish him, and as an adult, in order to deny him consolation.”
—Claude Lévi-Strauss (b. 1908)