HomeDefinitionsCompareDebt Small Order Execution System (SOES)The financial definition for Small Order Execution System (SOES):Three-tiered system of automatic execution of an order at the best price. Size is either 200, 500, or, most often, 1000 shares. Similar MatchesAdvance Computerized Execution System (ACES)Advance Computerized Execution System (ACES)Refers to the Advance Computerized Execution System, run by Nasdaq. ACES automates Nasdaq between Nasdaq entry and Nasdaq Nasdaq that have established Nasdaq relationships with each other. Nasdaq are designated as specified for automatic Nasdaq. Execution costsExecution costsThe difference between the execution price of a security and the price that would have existed in the absence of a trade, which can be further divided into market impact costs and market timing costs. Subject to a print or execution or tradingSubject to a print or execution or tradingContingent on execution of a trade because the picture in the stock has not been materially altered. Click to compare definitions of Small Order Execution System (SOES) Click to view definitions beginning sm |