when a market or security is illiquid or moves erratically a not held order may give the investor more peace of mind 
types of not held ordersbenefits of not held ordersbrokers have the benefit of seeing order flows and trading patterns which often gives them an edge when determining the best price and time to execute a customer s order for example a broker may notice a recurring spike in volume on the buy side of the order book that suggests a stock s price is likely to continue rising this would result in the broker executing a client s not held order sooner rather than later limitations of not held ordersthe investor who gives a not held order to a broker is placing full confidence in that broker to execute the trade at the best possible price the investor cannot dispute the trade execution provided that the broker met all regulatory requirements for instance if an investor thinks the broker shouldn t have executed the not held order before an fomc interest rate announcement the investor cannot seek a rebooking 