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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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What is order splitting?
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.
Who is required to file order splitting?
In general, institutional investors and traders who place large orders are required to file order splitting.
How to fill out 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.
What is the purpose of order splitting?
The purpose of order splitting is to avoid impacting the market significantly and to achieve better execution prices for the trade.
What information must be reported on order splitting?
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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