Market Participants

Question 1

As long as the order in question specifically states how many trades should be allocated to each specific account in a block order trade by an FCM or IB, the FCM or IB may include customer and proprietary accounts.

Answer 1

False - Compliance Rule 2-10 states that the customer and proprietary accounts of an FCM or IB may be included on a block order and allocated after execution without specific customer ID at the time that the order is placed as long as it is stated how the trades will be allocated such as a list on file from the account manager meaning that the allocations have to be set prior to the order being entered NOT on the order ticket itself.