not held basis order

Definitions

Forex

  • An instruction given to a forex or futures broker to buy or sell an asset with the discretion for the broker to obtain a better or equivalent price to the client's specified level. With a not held basis order, the broker avoids taking responsibility if the deal does not get executed, even if the client's level trades.
  • An instruction given to a forex or futures broker to buy or sell an asset with the discretion for the broker to obtain a better or equivalent price to the client's specified level. With a not held basis order, the broker avoids taking responsibility if the deal does not get executed, even if the client's level trades.
http://www.dictionarycentral.com/definition/not-held-basis-order.html