Registered: May 2012
08-31-12 01:50 PM
Quote from Daal:
This option on the trade ticket says they will look for hidden liquidity, I assume they try to fill you in some dark pools, is this correct?
If so which dark pools are these?
Not really.Timber hill is the trading arm of IB parent company. They are a large electronic trading desk that makes markets in options. If your order can be executed against their values, either single leg or complex order, they will trade all or part of the order with you. The advantange is that they might do better for you. The disadvantage is that no one sees that order until it executable.