Special Terms Order means an order for the purchase or sale of a security:
Special Terms Order means an order which has special conditions for trading.
Special Terms Order means an order for the purchase or sale of a security:for less than a standard trading unit;the execution of which is subject to a condition other than as to price or date of settlement; orthat on execution would be settled on a date other than:the third business day following the date of the trade, orany settlement date specified in a special rule or direction referred to in subsection (2) of Rule 6.1 that is issued by an Exchange or a QTRS.
Examples of Special Terms Order in a sentence
We feel that there are special circumstances when a trade through obligation need not be imposed: ⮚ Special Terms Order – special terms orders should be exempt from the obligation providing that the terms of the order cannot be satisfied through the regular market.
However, if the trade is completed as a Special Terms Order with “delayed delivery” to allow time before settlement for the removal of any restrictive legend, the sale will be considered to have been made from a “long” position and will not be marked “short”.