Quality of Executions
Traders Magazine, December 2001
Several months after Rule 11Ac1-5 was introduced, the industry had data on the quality of executions in more than 3,700 listed stocks. Rule 11Ac1-5, which establishes a common methodology for measuring quality across all market centers, is a positive step for investors. Order flow providers are able to make more informed decisions on where orders are sent. Firms are using the data to make meaningful order routing switches.
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