4 ms·
Except the buyers and sellers (mutual funds, etc) aren't the brokers, and brokers ultimately decide where to send the orders. I don't believe there is any regu
by ascagnel_ 11y ago
Except the buyers and sellers (mutual funds, etc) aren't the brokers, and brokers ultimately decide where to send the orders. I don't believe there is any regulation that forces a broker to use an exchange the customer specifies; rather, that they must buy or sell on the exchange that provides the best price.
- kasey_junk 11y agoDirected Orders are required to be routed to the exchange specified.
- ascagnel_ 11y agoIs there any transparency or accountability for this? Eg, does the broker have to give the client a report of trades and the exchanges they were sent to?