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Like a lot of the other guerrilla marketmakers, Citron and Levine got their start through Nasdaq's Small Order Execution System, or SOES. This allows orders of 1, 000 shares or fewer to be executed automatically at marketmakers' quots.
FORBES: Guerrillas on Wall Street
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Then a formal, thought-out system of supervision and risk management is created and applied at every level to ensure execution of the strategy and protection against internal and external threats.
FORBES: The War Against Big Banks Is A War Against Your Mind
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Like a lot of the other guerrilla marketmakers, Citron and Levine got their start through Nasdaq's Small Order Execution System, or SOES. An early response to critics of Nasdaq's voluntary dealer market, SOES allowed orders of 1, 000 shares or fewer to be executed automatically at marketmakers' advertised quotes.
FORBES: Free enterprise comes to Wall Street