Bid higher than Ask. Why?

Discussion in 'Order Execution' started by tradebanzai, Jul 7, 2006.

  1. don you're saying i'll get a better fill using sdot plus 5 cents vs market orders on sdot? i've tried that and haven't seen a lot of difference.maybe other could comment. fills on sdot just take a long time in general. sometimes i get so frustrated with the speed of sdot i just hit arca
    #11     Jul 16, 2006
  2. The reason you do it this way is because the assistant can fill the order with a click of the mouse, at the better price. Market orders have to be executed by the Specialist, and he generally batches them, which takes more time in most cases.

    Regarding the price vs. speed you might find this interesting.

    #12     Jul 17, 2006
  3. Does somebody know how the emini futures trading engines at the exchanges deal with this?
    Would Don's comment for stocks also hold for emini's?
    #13     Jul 17, 2006
  4. No, E's are purely electronic.

    #14     Jul 17, 2006
  5. Maybe it is the AMEX specialist screwing up the markets on various ETFs.
    #15     Jul 17, 2006