If i want to place a passive limit order, and prevent the possibility of my order getting traded through, what are the best routes to use? With BRUT, my passive limit order gets automatically re-routed to another ECN if that ECN tries to cross the BRUT quote, and i get filled. This eliminates the possibility of getting traded through on BRUT. Are there others like that? What about limit orders placed on Supermotage/ARCA/INET/BTRD/TRAC/ATTN/? Can you sort them in order of "least likely to get traded-through?" Thanks
I believe ARCA will re-route for Naz stocks, based on the fact that I occasionally get a resting liquidity-adding order executed with the indicator that it took liquidity. I believe this does NOT happen for listed stocks.
What about Supermontage? Anyone know if you can get traded through if you place a limit order on Supermontage? Thanks