Different Providers?

Discussion in 'Order Execution' started by GotherL, Sep 15, 2016.

  1. GotherL

    GotherL

    Looking at the L2 there are different ECNS. Does it make any difference who I choose? Are there certain advantages/disadvantages to each one or should I always just choose the one that gives the best price?

    These are the ones I see most frequently.

    NQEX
    NASD
    BATS
    EDGX
    PACF
     
    Last edited: Sep 15, 2016
  2. Daal

    Daal

    Yes, they have different fee structures. The cost of getting involved with each of them varies widely
     
  3. GotherL

    GotherL

    Nvm, I just asked my broker and they told me there are no fees if I allow them to route for me they use arca, edgx, bats & nasd. However, I'd incur a fee if I chose one of those ecns manually.
     
    Last edited: Sep 15, 2016