Order execution is the process of accepting and completing a buy or sell order in the market on behalf of a client. Order execution may be carried out manually or electronically, subject to the ...

ROBERT BATTALIO, SHANE A. CORWIN, ROBERT JENNINGS, Can Brokers Have It All? On the Relation between Make-Take Fees and Limit Order Execution Quality, The Journal of Finance, Vol. 71, No. 5 (OCTOBER ...

In 2001, the Securities and Exchange Commission (SEC) required market centers to publish monthly execution-quality reports in an effort to spur competition for order flow between markets. Using ...