Broker Price Improvement - Good or Bad?

Discussion in 'Order Execution' started by wpost, May 27, 2021.

  1. wpost

    wpost

    Us stock traders are crazy into math and accuracy, original example was 1.4799 and 1.4701 which is 98 hundreds of a cent, or almost one penny. 14.799 - 14.701 in your example is 9.8 cents. So getting a one penny price improvement on a 5,000 share order is worth $50. If that happens one thousand times during a year of trading that's $50,000, ain't that crazy?
     
    #11     Jul 1, 2021
    freeman311122 likes this.
  2. Overnight

    Overnight

    Oh yea, 98 thousandths of a dollar. Silly me.

    But yeah, I guess over enough trades it really does add up.
     
    #12     Jul 1, 2021