Public Automated Routing System


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Public Automated Routing System

A computerized system that increases the speed at which orders are executed and reported to the exchange. It is used on the CBOE.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Public Automated Routing System (PAR)

A computer-based system used by the Chicago Board Options Exchange to speed the flow of orders for execution and reporting.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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