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14:00 Jun 24, 2005
English to German translations [PRO] Bus/Financial - Finance (general)
English term or phrase:non-directed orders
"Pursuant to SEC Rule 11Ac1-6, XYZ is required to make publicly available a quarterly report with regard to its routing of **non-directed orders**. For the purpose of this Rule, we have entered into an agreement with ... to disclose all required information pertaining to this rule and any **non-directed orders** entered on the ... system."
Explanation: "Nichtgerichtete Aufträge" ... s. u. "Bundestagslink".
Hier noch einige Definitionen:
***Non-directed Order:*** A customer order where specific instructions are not given, by the customer to the broker, pertaining to its routing destination.
In this automated era, clients can now choose at which exchange to have orders filled. A ***non-direct order*** allows the broker to choose the best possible exchange for execution. Talk to your broker about it!