SOES

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Related to SOES: SOEC

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

See Small Order Execution System.

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References in periodicals archive ?

The impact of commercialization was analysed by comparing the global index (D) and the relative index (RD) of nationalized (Dg and RDg) and commercialized SOES (Dc and RDc).

Average index of disclosure for SOES significantly increased following their property transfer, rising from 27.

Reform of SOES led to an increase in the level of disclosure by companies.

If appears that, once commercialized, SOES issue more general information about their organization (t = 5.

Over the periods under investigation, SOES do not appear to have changed their disclosure strategy concerning non-financial information such as number of employees, the amount of new orders or new connections during the year of operation, the number of units sold, the sale prices and sales growth.

Furthermore, nationalized SOES publish very little forward-looking information.

The impact of reform in Canadian state-owned enterprises on voluntary disclosure in annual reports