Order Marking

What this video covers

• Distinguishing Do Not Reduce (DNR), which blocks the price reduction on an open order for a cash dividend, from Do Not Increase (DNI), which blocks the size increase for a stock dividend or stock split
• Spotting the stock-dividend and stock-split price-adjustment trap: neither dividend marking blocks the price adjustment, while only the size increase carries a condition
• Explaining how a not held instruction removes a stop or stop limit order from the stop orders rule, including its definitions and routing duties
• Connecting a captured or internally mishandled marking to best execution through the order's terms and conditions as communicated
• Applying the label ban to quote-triggered orders, which cannot be called a stop order or stop limit order and must be clearly distinguishable from both
• Identifying the order-by-order documentation required when a member relies on an institutional customer's oral disclosure and consent for a net transaction
• Marking every sell order in any equity security long, short, or short exempt, and recognizing the relevant Consolidated Audit Trail (CAT) reporting fields