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Order Splitting

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Financial Dictionary

Order Splitting

When brokers split up larger orders to qualify them for the Small Order Execution System (SOES) and, therefore, have them automatically executed.

Investopedia Commentary

SOES is for individual traders with orders less than or equal to 1000 shares. The practice of order splitting is prohibited on the Nasdaq.

Related Links

Electronic Trading Tutorial

See also: Nasdaq, Order, SOES

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