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D floor stocks.
Closing d orders can also be submitted modified or cancelled up to 3 59 50 p m.
What happens when the ceiling price or floor price is hit.
Definition of floor stock.
This simply means a stock s price compared to its previous closing price is limited from rising more than 50 ceiling price and from declining more than 50 floor price during a given trading day.
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Trading continues but the price can no longer increase beyond the ceiling price or fall below the floor price.
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Inventory on hand that has not yet been loaded onto shelves.
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These distinct features of closing d orders are designed to facilitate the floor broker s traditional agency role on behalf of larger institutional interest allowing floor brokers to work in conjunction with their customer to find larger liquidity opportunities.