Market Not Held

market not held order - A market order in which the floor trader has the discretion to execute the commodity order when he/she feels it is best. Because of this discretion, the quality of the order depends on the futures trader's ability to select the right time to make the trade. This type of order comes with the understanding that the broker will use its best efforts to execute the order according to the traders instructions, but that the broker may not be held responsible or liable for any lost profits, trading losses, or damages resulting from the manner in which the order is handled.

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