SOES Meaning and
Definition
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SOES is an acronym that stands for Small Order Execution System. It refers to an electronic trading system that was used in the stock market during the 1990s.
The Small Order Execution System was introduced in the United States to facilitate the execution of small trades by individual investors. It was specifically designed to execute trades of up to 1,000 shares in size and provided individual traders with access to the Nasdaq market.
SOES revolutionized the way small trades were executed as it eliminated the need for investors to go through market makers to execute their trades. Traditionally, small trades were often neglected or executed at unfavorable prices due to the market makers' priority in handling larger trades. The introduction of SOES provided individual investors with the ability to trade directly on the market, ensuring fast and reliable execution of their smaller orders.
However, SOES was often associated with high volatility and contributed to some controversial trading practices during its existence. Its popularity amongst day traders led to market manipulation and excessive price fluctuations, which ultimately led to its discontinuation. SOES was replaced by the SuperSoes system in 1999, which further refined the execution of small orders in the stock markets.
Common Misspellings for SOES
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