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Federal Register / Vol. 81, No. 95 / Tuesday, May 17, 2016 / Notices order routing practices, that the degree to which fee changes in this market may impose any burden on competition is extremely
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Order routing practices refer to the process by which brokers direct customer orders to different trading venues, such as stock exchanges or alternative trading systems, in order to execute those orders.
Brokers and brokerage firms are required to file order routing practices with the Securities and Exchange Commission (SEC).
Order routing practices can be filled out by providing information on how customer orders are handled, executed, and routed to different trading venues.
The purpose of order routing practices is to ensure transparency and fair treatment of customer orders by disclosing how brokers handle and execute those orders.
Information that must be reported on order routing practices includes details on execution quality, routing decisions, and potential conflicts of interest.
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