matched order: Meaning and Definition of

matched' or'der

Pronunciation: [key]
  1. an order placed with a broker to buy a specified stock at a price above the market price with the intention of immediately selling the stock through another broker at the same price. It is designed to give the appearance of active trading in the stock.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.