Smart New Rules for Smart Order Routing?


Disclosure is the rage in financial markets regulation and the latest set of proposals relate to order handling rules. FlexTrade's Ivy Schmerken examines further.



Disclosure is the rage in financial markets regulation and the latest set of proposals relate to order handling rules.

Regulators are seeking to boost transparency into the order routing practices of broker-dealers and trading venues that reroute their orders in U.S. listed equities across exchanges and other trading venues.

As many know, on July 13, the U.S. Securities and Exchange Commission proposed a rule requiring broker-dealers to publically disclose on their web sites information about the execution and handling of institutional orders.  The proposal also expands existing disclosures for retail investors, including payment for order flow information, not previously provided.

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FlexTrade is a global leader in broker-neutral, execution and order management trading systems for equities, FX, options, futures and fixed income. A pioneer in the field, FlexTrade introduced the first trading system that allowed clients to control and customize their proprietary algorithms while maintaining the confidentiality of their trading strategies. Change is the only constant in electronic trading. That's why FlexTrade is continuously upgrading its products and services. All can be tailored to meet the demanding requirements of a global client base of more than a 225 buy- and sell-side firms.
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