order flow

Order Flow

Orders too small for a broker to fill easily that are, therefore, sent to a dealer to fill. Dealers pay brokerages a small fee per share in exchange for the right to fill these orders (and receive the commission). See also: Payment for Order Flow.

order flow

Aggregated small orders for securities sent to dealers by brokers. See also payment for order flow.
References in periodicals archive ?
Order flow analysis has proved to be helpful in understanding changes in the exchange rate in the short term and the new statistics are well suited for this type of analysis.
NEW YORK -- NEW YORK, May 29 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it would resume its payment for order flow program in options as a result of the competitive impact of similar programs, already in existence, administered by competitor exchanges.
By accelerating work and order flow, management fosters increased revenues.
while competition for order flow is coming not only from the other markets, but from the ECNs and the brokerage firms themselves.
These markets are expected to produce narrow spreads through competition among dealers for order flow.
Direct Market Access and Options Algorithms Account for 66% of all Order Flow in 2011
NASDAQ Deutschland also announced the participation of several new order flow providers, who will offer Best Execution: Consors, one of the largest European online stockbrokers; Citibank Privatkunden, a major retail broker; and two regional banks, Oldenburgische Landesbank and Bankhaus Neelmeyer.
Because the JavTrader/JavCentral connection offers the buy side instant FIX connectivity and more consolidated order flow, broker/dealers quickly gain access to a greater pool of liquidity.
This isn't expected to change in the near term because many investment managers are and will remain reluctant to trade with the retail flow that represents most current ECN order flow.
MS POOL is a continuous dark liquidity pool that enhances crossing and price improvement opportunities for its clients by combining many sources of order flow into one aggregated pool of liquidity.
We were in a situation where we needed to implement advanced FIX connectivity infrastructure for order routing between disparate FIX implementations, but there were limited order flow monitoring tools available," said Eric Berg, CTO, Rosenblatt Securities Inc.