Specified Venue definition
Examples of Specified Venue in a sentence
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.
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.