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HANDBOOK August 2017 1ContentsResources Introduction Limits Order Splitting Dates to Remember Real locators Statements Statement Review by Account Executive and Cardholder Audits Documentation Violations Keeping
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Order splitting refers to the practice of dividing a large order into smaller parts in order to prevent moving the market significantly and to execute the trade more efficiently.
In general, institutional investors and traders who place large orders are required to file order splitting.
To fill out order splitting, traders need to divide the large order into smaller parts and specify the time frame for executing each part.
The purpose of order splitting is to avoid impacting the market significantly and to achieve better execution prices for the trade.
Information such as the total order size, breakdown of smaller parts, time frame for execution, and rationale for order splitting must be reported.
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