An aggregated (or "bunched") order consists of a group of orders to buy or
sell a specific security.
Aggregated orders are usually entered by a fund manager or portfolio manager buying or selling
securities on the basis of portfolio management agreements (conferring powers of attorney
with several clients. When aggregated orders are entered, they are assigned a
Aggregated orders are different from portfolio orders and basket orders, which
are orders relating to a number of different securities.