Order Splitting
Brokers split orders in order to qualify them as small orders so they can be automatically executed by the small order execution system (SOES). This has been prohibited by the National Association of Securities Dealers (NASD).
Brokers split orders in order to qualify them as small orders so they can be automatically executed by the small order execution system (SOES). This has been prohibited by the National Association of Securities Dealers (NASD).