Best place to route SPY Market order?

Discussion in 'Order Execution' started by fan27, May 22, 2003.

  1. fan27

    fan27

    I have an IB account and exclusively trade SPY. When placing a SPY market order, is it preferable to use IB's 'smart' route or is there an exchange or ecn that is typically better than the rest in terms of speed of fill?

    thanks
     
    #1     May 22, 2003
    Share
  2. kgharris

    kgharris

    FWIW - ARCA market order on QQQ is excellent - but QQQ is much more liquid than SPY, and a tighter B/A.
     
    #2     May 22, 2003
    Share