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Small Order Execution System (SOES) |
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Small Order Execution System (SOES)Three-tiered system of automatic execution of an order at the best price. Size is either 200, 500, or, most often, 1000 shares.Small Order Execution System (SOES) Similar MatchesTimely executionTimely executionThe principle that stockbrokers should transact the sell/buy orders of their clients within a reasonable time - 20 minutes from the time of order is taken to be the appropriate period. If a broker is unable to transact the order within that time, he or she will consult the client to make sure that the instructions are still valid. Computer Assisted Execution SystemComputer Assisted Execution SystemAn NASD inter-dealer automated execution system for listed 19c-3 securities. CAES is the NASD link to ITS (Intermarket Trading System). If an NASD dealer wishes to make markets in listed securities, he or she must register as an ITS/CAES market maker for those securities. Subject to a print or execution or tradingSubject to a print or execution or tradingContingent on execution of a trade because the picture in the stock has not been materially altered. Advance Computerized Execution System (ACES)Advance Computerized Execution System (ACES)Refers to the Advance Computerized Execution System, run by Nasdaq. ACES automates Nasdaq between Nasdaq entry and Nasdaq Nasdaq that have established Nasdaq relationships with each other. Nasdaq are designated as specified for automatic Nasdaq. Execution costsExecution costsThe difference between the execution price of a security and the price that would have existed in the absence of a trade, which can be further divided into market impact costs and market timing costs. Further Suggestionsexecution only brokerbest execution |
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