dkfmmuc Mar 28, 2017:

Your choice! :-)

Sanni Kruger (X) (asker) Mar 28, 2017:

Suggestion from other forum From discussions I've had with colleagues elsewhere and further research by me, it seems that that "orders with special instructions ..." is most suitable translation. I had hope for something shorter but this explains exactly what it is.

dkfmmuc Mar 28, 2017:

"Execution only" / "Execution order" @Phil: It would be fine if you would suggest this as an answer empowering the community to decide. Regarding execution order I am - honestly spoken - not completely sure. Since some years especially the very expensive retail banks with local branches use a similar term "execution only" (instead of execution order) to deny any responsibility. In "Sparkassen" lingo execution only means to charge the full commission but deliver a service which is not in line with prices.

philgoddard Mar 27, 2017:

Could it be execution order?

Sanni Kruger (X) (asker) Mar 27, 2017:

Some additional context. This seems to be a specific term as this instructions shows:

"Bei der Rückmeldung der Ursprungsorder ist der bereits in der Ursprungsorder eingestellte oder der vom Abwickler ermittelte Börsenplatz, wie bei einer Weisungsorder, im Feld:94B: einzustellen."

dkfmmuc Mar 27, 2017:

Weisungsorder -> order with detailed instructions/ specifications.

At moment I haven't the perfect English term in mind, so I can just transport the fundamental principle.

Normally the order system routes an order concerning a security to that stock exchange which has the best execution price at the moment. However if an investor has negative sentiment or experience with one stock exchange he can make a special instruction. Like EDF -> route the order to Frankfurt.

Then the order is subject to that detailed instructions instead of the "normal cheapest routing". This makes sense especially for securities which are not very liquid on one stock exchange. Or if the investor wants to follow all his orders at one stock exchange.

Other instructions are also thinkable. Like no partial execution or similar instructions.

More details can be found e.g. here:

https://www.bloombergtradebook.com/blog/defining-an-order-an...

Hope this helps.

INES STOLLWERCK Mar 27, 2017:

It seems to be more general: Weisung is not Anweisung, intended as a bank transfer; I suppose they are talking about instructions (which may include, but non necessarily bank transfers), that the bank will be giving to the client's bank about the before mentioned issues.