There is a huge difference between prop firms and arcades.
In the option example no routing choice would help you get filled. That option is 7 cents wide so the theo would be 1.815. Had you bid 1.81...
Unless you are setup cost plus (broker passes back rebate to you) it probably doesn't matter where you route.
Redi is great for stocks, decent for options and pretty bad for futures
To your point about options routing, there are 15 equity options exchanges in the U.S. and most equity options trade on all 15. When Reg-NMS came...
Does anyone know why futures products (for the most part) only trade on one exchange? Don't get me wrong, I think there are definitely a lot of...
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