Order Ticket

Form completed by a registered representative (Account Executive) of a brokerage firm, upon receiving order instructions from a customer. It shows whether the order is to buy or to sell, the number of units, the name of the security, the kind of order (Order Market, Limit Order or Stop Order) and the customer's name or code number. After execution of the order on the exchange floor or in the firm's trading department (if over the counter), the price is written and circled on the order ticket, and the completing broker is indicated by number. The order ticket must be retained for a certain period in compliance with federal law.