A VOB is a Broker BIC that allows a Broker to view unmatched blocks alleged against them when an Investment Manager uses a Broker Matching Group (BRMG) with more than one Broker BIC. The VOB is only used to view trades. CTM Brokers continue to confirm trades as they do today with a non-VOB BIC.
What is a View Only Broker (VOB)?
- Category: US Trades on CTM - View Only Broker FAQs