Not exactly. Most exchanges require the client details to be sent to them (encrypted) so the regulators can see who is behind the orders on a real-time basis.

Not exactly. Most exchanges require the client details to be sent to them (encrypted) so the regulators can see who is behind the orders on a real-time basis. Canada for example is behind the times here, but has a program to address this : https://www.iiroc.ca/members/client-identifiers https://www.iiroc.ca/members/client-identifiers If you are a corporation, you are required to provide your "Legal Entity Identifier (LEI)" If you are a retail client, your account number is sent.