As the debate continues to rage about the complexity of order types in the US equities markets, it emerged earlier this week that the SEC disapproved an application by Nasdaq for a new "Benchmark" order type, planned to allow its customers to manage large orders by splitting them into child orders aimed to match standard VWAP, TWAP and POV benchmarks.
More details on the Benchmark Order type can be downloaded from the SEC website
nasdaq, u.s. securities and exchange commission, united states, financial markets, financial economics, investment, finance, stock market, mathematical finance, financial regulation, short selling, benchmark, nasdaq, order types, benchmark order, sec
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