Explanation:

Flexible market offering refers to “(1) a naked solution containing the product and service elements that all segment members value, and (2) discretionary options that some segment members value.”
More broadly, a discretionary order is one where a broker or other financial markets professional can place and work an order without explicit acknowledgment from the customer. These orders can broaden the specification of standard types of conditional orders to give an order a higher likelihood of execution. Additionally, discretionary orders help to improve the chances of order execution while still also allowing the investor to place certain conditional constraints.

Standard types of conditional orders can include an additional discretionary component. The discretionary component is commonly added to limit orders and stop loss orders. This component is a basic order provision that allows the investor to include a discretionary amount with their order. Thus, if a broker is a given a limit order with discretion, the broker may choose to change the limit price in response to market activity and liquidity when the order is received.