Examples of Specified Venue in a sentence
The proposed requirement that a broker-dealer disclose the net aggregate amount of any payment for order flow received, payment from any profit- sharing relationship received, specified non-directed order types for each Specified Venue could allow customers to determine how broker- dealers route different types of orders relative to any economic benefit or consequence to the broker-dealer.
In addition, the proposed requirement for broker- dealers to describe any terms of payment for order flow arrangements and profit-sharing relationships with a Specified Venue that may influence their order routing decisions, including information relating to specific incentives or volume minimums, could allow customers to understand how their broker-dealers route retail orders and whether and how such routing is influenced by payment for order flow and/or a profit-sharing relationship.
Compliance Costs for Retail Order Routing ReportsAs discussed in more detail in Section IV.D.4., the Commission preliminarily estimates the costs to comply with the proposed amendments to Rule 606(a) that require broker-dealers to distinguish between marketable and non-marketable limit orders and with proposed Rule 606(a)(1)(iii) that requires disclosure of net payment for order flow and transaction fees and rebates by Specified Venue as follows.