What does it mean if an order has the status “open,” “pending,” or “executed”?
. Open Order – An “open order” is an order to buy or sell securities that has been released to the market but is still not executed. A Good Until Canceled order that remains pending is an example of an open order. Pending Order – “Pending” is the status of an order between the time a customer enters an order to buy or sell securities in M&T Web Trading and the time an M&T Securities Brokerage Representative reviews, accepts and releases the trade to the market for execution. Executed Order – An order is “executed” when a released order to buy or sell securities has been executed by the market and the amount of the security requested is purchased.
