11. --Allow customer limit orders to be delivered for display in a market display system or with another dealer. 12. Brokerage firms often cut exclusive deals with others on Wall Street to hand over their customer orders in return for payments. 13. Brokerages often internally match customer stock orders to avoid commissions and fees that would be incurred by trading on a stock market. 14. Compaq is in the process of overhauling its operations so that it builds computers only after it receives a customer order. 15. Country Hedging also was ordered to hire a compliance officer to better train staff on the handling of customer orders, the CFTC said. 16. Currently, certain Nasdaq firms can trade for their own accounts at prices that would fill customer orders they have received. 17. Customer orders could go unfilled. 18. Customers order at the counter, swing by the iced tea table, then pick up their squeeze bottle of warm barbecue sauce. 19. Customer orders must be passed up and down this chain, with the opportunity for delay and error at each link. 20. Direct sales differs from the agency system in that customers order directly from the maker rather than through an agent. |
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