Non-Client Order
An order on an exchange made by a participant firm or on behalf of a partner, officer, director or employee of the participant firm. Where a participant firm is a firm that is entitled to trade on the exchange, it also known as a member firm. While these orders are allowed, priority must be given to client orders for the same securities. Investopedia Says:
Order tickets will be marked "N-C", "N", or "Emp" depending on the exchange indicating that the orders are non-client orders.
Also known as a "professional order". Related Terms:
Broker-Dealer
Member Firm
Order
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