Payment for Order Flow and Social intelligence: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Update.)
 
imported>Doug Williamson
(Expand definition.)
 
Line 1: Line 1:
(PFOF).
''Working effectively with others.''


Payment for order flow is defined by the UK [[Financial Conduct Authority]] (FCA) in FG12/13 [http://www.fca.org.uk/your-fca/documents/finalised-guidance/fsa-fg1213], originally issued by the former [[FSA]], as an arrangement whereby a [[broker]] receives payment from [[market maker]]s, in exchange for sending order flow to them.
(SI).


The FCA sees such arrangements (whatever called) as creating potential conflict of interest and pressing against best execution of orders for clients and, accordingly, compromising observation of its best execution rule.
Social intelligence includes knowledge of social roles, effective listening skills and empathy.


More generally in the European Union, such payments may fall foul of the EU's [[MiFID]] rules on "inducements" reflected in the FCA's Handbook ([[http://fshandbook.info/FS/html/FCA/COBS/2/3]] at 2.3.1).
It develops from experience with people and learning from success and failures in social settings.  


[[Category:Compliance_and_audit]]
 
It can sometimes be referred to as “tact,” “common sense,” or “street smarts.”
 
 
==See also==
* [[ACT Competency Framework]]
* [[Agile]]
* [[Behavioural skills]]
* [[DiSC]]
* [[EBI]]
* [[Emotional intelligence]]
* [[Empathy]]
* [[Executive coaching]]
* [[Gravitas]]
* [[Lumina Spark]]
* [[Myers-Briggs]]
* [[Psychometric profiling]]
* [[Rapport]]
* [[Working effectively with others]]
* [[WWW]]
 
[[Category:Commercial_drive_and_organisation]]
[[Category:Influencing]]
[[Category:Self_management_and_accountability]]
[[Category:Working_effectively_with_others]]
[[Category:Planning_and_projects]]

Revision as of 11:23, 8 October 2020

Working effectively with others.

(SI).

Social intelligence includes knowledge of social roles, effective listening skills and empathy.

It develops from experience with people and learning from success and failures in social settings.


It can sometimes be referred to as “tact,” “common sense,” or “street smarts.”


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Payment_for_Order_Flow&oldid=44454’