Discussion in 'Order Execution' started by excrypto, Aug 27, 2019.
Like title says. I know they don't show in lvl 2. But what about once they're completed orders.
I guess they will be shown in T&S as filled orders. The opposite would surprise me.
L2 alone does not show the whole truth. You never know if there is not a hidden seller who dumped the stock after you get filled on the ask (buying)
Yes. All trades need to be put to the tape from the ECN/Exchange/Dark pool you send your order to.
right rm ... as a 20-year veteran tape reader, I'd add:
a) mkt makers work reserve order flow into t&s 100-300 shares at a time vs big 10k blocks, to conceal their intent/size (for icebergs), when practical
b) during strong breakouts they can't do that and have to increase size to 1k+ share blocks
c) in tape reading I look for increasing volume in green prints/ask orders as seen in more block trades as price goes up
d) unless you're scalping large 3-5k+ size for tiny moves, L2 is not as useful as it once was; the tape is key
Does this mean you see 1k+ blocks on the tape or simply more shares trading at same price at same time or both?
That is a valuable information. Thank you
You will see only the filled order. Bookmap software is showing iceberg orders in numbers amd also in heatmap.
Separate names with a comma.