BROWSE

Tape Shredding

What is 'Tape Shredding'

When a broker divides an order for securities into a number of smaller orders. For certain securities, smaller orders can be easier to fill, so brokers have the ability to tape shred when they believe that doing so will speed up the rate at which the order is filled.

Explaining 'Tape Shredding'

Allowing tape shredding to happen also opens the doors for unscrupulous brokers to split a large order into many small orders for the sake of generating extra commission, as brokers are compensated for each order they fill.

However, various self-regulatory organizations and stock exchanges have limited tape shredding to only apply for order execution purposes. The use of tape shredding for other reasons could have serious consequences.


Further Reading


Trade shredding: SRO-sponsored payment for order flow
jot.pm-research.com [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

Analysis Of Business Feasibility Of Cassava Chips and Cassava Tape, Financing and Marketing Strategies for Entrepreneurial Cassava Farmers in Jember RegencyAnalysis Of Business Feasibility Of Cassava Chips and Cassava Tape, Financing and Marketing Strategies for Entrepreneurial Cassava Farmers in Jember Regency
repository.unej.ac.id [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

Equity trading and the allocation of market data revenueEquity trading and the allocation of market data revenue
papers.ssrn.com [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

Equity trading and the allocation of market data revenueEquity trading and the allocation of market data revenue
www.sciencedirect.com [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

A new perspective on infrastructure financing in AsiaA new perspective on infrastructure financing in Asia
www.sciencedirect.com [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

The real causes of the economic crisis? They're historyThe real causes of the economic crisis? They're history
arizonacommonsense.com [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

Stability tests for alphas and betas over bull and bear market conditionsStability tests for alphas and betas over bull and bear market conditions
www.jstor.org [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …

Finance And Accounting Outsourcing: Three Studies Related To The Ethical And Economic Dimensions Of Accounting OutsourcingFinance And Accounting Outsourcing: Three Studies Related To The Ethical And Economic Dimensions Of Accounting Outsourcing
stars.library.ucf.edu [PDF]
… XHIBIT 2 Allocated Market Data Revenue (in millions) Total Net Income from Tapes A, B … 37 In order to maximize the probability of isolating evi- dence of tape shredding, we restrict … actively traded ETFs, widely acknowledged to be the vehicle of choice for tape shredders, in part …


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