A Working Order (WO) is a written documentation of a request to buy or sell securities. It provides various instructions on the exchange, including quantity, price, and time parameters. With it, a broker can determine the best way to execute an order in accordance with the investor's specifications. In this article, we will provide an explanation of what a Working Order is and some frequently asked questions about it.
Table Of Content:
- In working order definition and meaning | Collins English Dictionary
- ORDER | meaning in the Cambridge English Dictionary
- Order | Definition of Order by Merriam-Webster
- RUNNING ORDER | meaning in the Cambridge English Dictionary
- Mend | Definition of Mend by Merriam-Webster
- CONDITION English Definition and Meaning | Lexico.com
- Maintain | Definition of Maintain by Merriam-Webster
- be in order | meaning of be in order in Longman Dictionary of ...
- Work | Definition of Work by Merriam-Webster
- Order Management System (OMS) Definition
1. In working order definition and meaning | Collins English Dictionary
https://www.collinsdictionary.com/dictionary/english/in-working-order
In working order definition: A machine or device that is in working order is functioning properly and is not broken . | Meaning, pronunciation, translations ...
2. ORDER | meaning in the Cambridge English Dictionary
https://dictionary.cambridge.org/dictionary/english/order
6 days ago ... The coffee machine is out of order (= not working). Thesaurus: synonyms, antonyms, and examples.
3. Order | Definition of Order by Merriam-Webster
https://www.merriam-webster.com/dictionary/order
Aug 16, 2021 ... Order definition is - to put in order : arrange. ... See the full definition for order in the English Language Learners Dictionary. order.
4. RUNNING ORDER | meaning in the Cambridge English Dictionary
https://dictionary.cambridge.org/dictionary/english/running-order6 days ago ... Meaning of running order in English ... the order in which the parts of an event, meeting, etc. have been arranged to happen: We sat down with the ...
5. Mend | Definition of Mend by Merriam-Webster
https://www.merriam-webster.com/dictionary/mend4 days ago ... c : to put into good shape or working order again : patch up : repair the ... Britannica English: Translation of mend for Arabic Speakers.
6. CONDITION English Definition and Meaning | Lexico.com
https://www.lexico.com/en/definition/condition
noun · 1The state of something with regard to its appearance, quality, or working order. · 2conditionsThe circumstances affecting the way in which people live or ...
7. Maintain | Definition of Maintain by Merriam-Webster
https://www.merriam-webster.com/dictionary/maintainEnglish Language Learners Definition of maintain · to cause (something) to exist or continue without changing · to keep (something) in good condition by making ...
8. be in order | meaning of be in order in Longman Dictionary of ...
https://www.ldoceonline.com/dictionary/be-in-order
From Longman Dictionary of Contemporary Englishbe in orderbe in ordera) if something is in order, it is correct or right Everything is in order. b) ...
9. Work | Definition of Work by Merriam-Webster
https://www.merriam-webster.com/dictionary/workb : to greet and talk with in a friendly way in order to ingratiate oneself or achieve a purpose politicians working the crowd worked the room.
10. Order Management System (OMS) Definition
https://www.investopedia.com/terms/o/oms.asp/GreenChart-56a5d50c3df78cf7728a0f71.jpg)
An order management system (OMS) is an electronic system developed to execute ... which means that a sell-side OMS usually has exchange connectivity, ...
What is a Working Order?
A Working Order (WO) is a written document that requests to buy or sell securities. It contains instructions from the investor on how they would like their order executed such as quantity, price, and time parameters.
How does a Working Order help brokers?
A Working Order helps brokers provide investors with better execution of their orders by providing instructions for them to follow. This allows brokers to ensure that orders are filled accurately and quickly in accordance with the investor's preferences.
Who issues Working Orders?
Investors issue working orders when they want to acquire or dispose of certain securities on an exchange. Brokers are then responsible for executing these orders according to specifications provided by the investor.
What type of information is included in a Working Order?
A Working Order includes details such as the type of security being bought or sold, its quantity, price range and time frame for completion among other details depending on the transaction involved.
Conclusion:
In summary, a Working Order is a written request that investors use when buying or selling securities on an exchange. This document contains various instructions that allow brokers to execute these orders in accordance with what was requested by the investor. The information included may vary depending on each particular situation but usually include details such as quantity, price range and time frame for completion among others.
