Broker Instructions

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Definitions
Firm Order
Firm Order Broker Instructions Securities Commodities Currencies Trading Financial Markets
A firm order is an instruction given to a broker to execute a transaction at specific terms that remains valid for a stated period or until cancelled.
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Definitions
Or Better (OB)
Or Better OB Limit Order Securities Trading Broker Instructions Stock Market Trading Strategy
The term 'Or Better (OB)' is an indication on an order ticket for a limit order to buy or sell securities that instructs the broker to execute the order at a price better than the specified limit price if a better price is available.
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Accounting Terms Lexicon

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