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:
“Man is clearly made to think. It is his whole dignity and his whole merit; and his whole duty is to think as he ought. And the order of thought is to begin with ourselves, and with our Author and our end.”
—Blaise Pascal (1623–1662)