What's the role of a Routing Intermediary in terms of securities order flow?

A) Manages investment portfolios

B) Sets the price of securities

C) Regulates securities markets

D) Facilitates order execution

Select an option above to see an explanation here.

A) A Routing Intermediary's role is not to manage investment portfolios, but to facilitate the execution of securities orders. B) Setting the price of securities is not the role of a Routing Intermediary, but of the market based on supply and demand. C) Regulating securities markets is the role of regulatory bodies like the SEC, not a Routing Intermediary. D) Routing Intermediaries analyze, determine the best execution venue, send, confirm, and report back on securities orders.