Order Flow definition
Examples of Order Flow in a sentence
Payment for Order Flow is compensation paid to a brokerage firm by another Broker/Dealer in return for directing some customer orders for execution.
If the error is discovered prior to the Auction, the Fund shall amend its Order Flow Report to reflect the corrected information.
After all Participating Funds have submitted their Order Flow Reports, ReFlow shall conduct the Auction.
The Fund shall submit its Order Flow Report to ReFlow no later than the Morning Deadline each Business Day but subject to change (or later as provided in Section II.1).
The Fund shall submit an Order Flow Report to ReFlow, no later than the Morning Deadline each Business Day.
If the Fund does not submit its Order Flow Report by such time, the Auction shall commence and the Fund’s Auction Bid shall not be included in calculating the Auction results.
If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of Shares sold as reported in the Order Flow Report; or (b) the number of Shares owned by ReFlow.
Payment for Order Flow is compensation paid to a brokerage firm by another Financial Professional/Dealer in return for directing some customer orders for execution.
If the Fund has reported an error in its Order Flow Report, it must be reported to ReFlow immediately after the Fund discovers the error.
If the Fund reports net inflows in its Order Flow Report and ReFlow holds Shares of the Fund, ReFlow shall automatically redeem an amount of Shares equal to the lesser of (a) the net number of shares sold as reported in the Order Flow Report; or (b) the number of shares owned by ReFlow.