OFF-FLOOR ORDER

Used for listed equity securities. 1) Order to buy or sell a security that originates off the floor of an exchange ; customer orders originating with brokers , as distinguished from orders placed by floor members trading for their own accounts. Exchange rules require that an off-floor order be executed before orders initiated on the floor. Upstairs order . Antithesis of on-floor order ; 2) order not handled on the floor but instead upstairs.