Agency Orders
These are the orders which a broker or dealer executes on behalf of a customer with another professional or retail investor.
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agency order
An order that a broker/dealer executes for the account of a customer with another professional or retail investor and for which a commission is typically charged. (See principal orders) American Depositary Receipt (ADR)
A U.S.
Philadelphia Stock Exchange uses PACE (Philadelphia Automated Communication and Execution System) and Autom (Automated Options Market). The NASDAQ stock market uses the Small Order Execution System (SOES), which automatically executes agency orders ...
 See also: Trading, Order, Investment, Orders, Securities
  
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