Order Splitting

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DEFINITION of 'Order Splitting'

When brokers split up larger orders to qualify them for the Small Order Execution System (SOES) and, therefore, have them automatically executed.

INVESTOPEDIA EXPLAINS 'Order Splitting'

SOES is for individual traders with orders less than or equal to 1,000 shares. The practice of order splitting is prohibited on the Nasdaq.

RELATED TERMS
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  2. Small Order Execution System - ...

    A computer network that automatically executed trades in Nasdaq ...
  3. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  4. Split Block Pricing

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  5. Tape Shredding

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  6. Fintech

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