• An investor may place a non-hold order in the hope of getting a better price than what could be obtained in an immediate trade.
  • Undelayed gives the broker time to aim for the best execution for the client.
  • Non-hold orders can be placed as market orders or limit orders.
  • Unheld orders relieve the broker of any loss that the shareholder may suffer if the broker misses the opportunity by anticipating a better price.