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SOES

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SOES

Small Order Execution System
A computerized order-entry system on NASDAQ that bypasses brokers and automatically executes orders at the best available price. The SOES is available for buy and sell orders for 200, 500, and 1,000 shares. NASDAQ market makers are required to use SOES where appropriate. It was established in 1987 following the stock market crash of that year.

SOES


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Dubbed SOES bandits, these pioneering day traders were adept at using Nasdaq's Small Order Execution System (SOES) to seize arbitrage profits from the market makers.
Through such products as Banking Edition, Investment Advisors Edition, SOES Guide, U.
By using the SOES system, investors don't have to make a phone call to the market maker and are thus not shut out during heavy trading.
 
 
 
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