As mentioned in my yesterday's post on (CDWC), I was looking for someone to confirm/comment on my observation, and my decision on how I handled (CDWC). Later that evening, I came across this post made by Jamie at Wall St. Warrior. Apparently, someone posted a similar question to Jamie on (CDWC) as well.
Here is Jamie's view on (CDWC).
GIGO On Pre-Trade Checks
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In the U.S., pre-trade checks are legally mandated by SEC Rule 15c3-5 (the
Market Access Rule). An Order Management System (OMS) evaluates every
incoming A...
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