Working Order
A working order is an instruction given to a broker or other financial professional to buy or sell a security at a specific price. Working orders are used by investors to manage their portfolios and to take advantage of market opportunities. Working orders can be placed for stocks, bonds, mutual funds, options, futures, and other financial instruments.
History of Working Orders
The concept of working orders has been around since the early days of the stock market. In the early days, brokers would place orders on behalf of their clients, and the orders would be executed when the market conditions were favorable. As the stock market evolved, so did the concept of working orders. Today, investors can place orders online, and the orders are executed almost immediately.
Comparison of Working Orders
| Type of Order | Description |
|---|---|
| Market Order | An order to buy or sell a security at the current market price. |
| Limit Order | An order to buy or sell a security at a specific price or better. |
| Stop Order | An order to buy or sell a security when it reaches a certain price. |
| Stop-Limit Order | An order to buy or sell a security when it reaches a certain price, but only at a specific price or better. |
Summary
A working order is an instruction given to a broker or other financial professional to buy or sell a security at a specific price. Working orders are used by investors to manage their portfolios and to take advantage of market opportunities. For more information about working orders, investors can visit websites such as Investopedia, The Balance, and Yahoo Finance.
See Also
- Market Order
- Limit Order
- Stop Order
- Stop-Limit Order
- Day Order
- Good-Till-Cancelled Order
- Fill-or-Kill Order
- All-or-None Order
- Immediate-or-Cancel Order
- Trailing Stop Order
