Order splitting

Order splitting

Breaking up orders so that they can be processed as small orders for execution by SOES. Prohibited by NASD.

Order Splitting

A practice in which an investor makes several orders to buy or sell the same security, instead of making one large order. Order splitting occurs when the investor wishes to have his/her orders processed by the Small Order Execution System, which is faster than other systems, but is only supposed to be used for small orders. FINRA prohibits order splitting.
References in periodicals archive ?
Dino refused to recognize Escolango's designation and had challenged the validity of an executive order splitting SBMA's leadership between the chair and the administrator.
The weekly and bi-weekly data of cumulated stock returns and trading volume categorized by trade size should minimize the potential confounding effect due to order splitting behavior by informed traders.
A hypothesis about the possibility of high order splitting is proposed.
We use fourth order splitting as in [16] and [1] for the NLS equation.
Automatic order splitting across several trucks during validation
Entering Maryland in 1862, Lee issued an order splitting his troops.
NEW YORK -- Aldata Solution, a leading provider of software solutions for the retail industry, today announced the availability of Aldata Voice Directed Warehousing, the second generation of Aldata's Voice solution that is used by more than 6,000 picking operators daily for order preparation, order splitting and inventory management.
But Dino did not say whether he would also drop his opposition to an executive order splitting the leadership of SBMA between the chair and the administrator.
Dino had questioned Escolango's appointment to the post and challenged the validity of an executive order splitting SBMA's leadership between the chair and the administrator.
For example, businesses can link online order processes with their core business operations and physical distribution processes with capabilities such as configurable order forms, sales order splitting to support multiple distribution centers, and the ability to send/receive orders from existing systems.
Dino had questioned Escolango's appointment to the post and had challenged the validity of an executive order splitting SBMA's leadership between the chairman and the administrator.