Small Order Execution System

Small Order Execution System definition - finance
An automated trading system used on the NASDAQ stock market for executing trades. The system bypasses brokers by grouping stock orders under 1,000 shares together before executing them, in order to obtain a better price for the investor.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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