does scottrade have direct access route?

Discussion in 'Retail Brokers' started by cofelix, Jul 20, 2010.

  1. cofelix

    cofelix

    like ameritrade provide inet and arca routing. Thanks.
     
  2. GTC

    GTC

    TDAmeritrade does not provide direct routing options for a long time now. According to them, their management has decided against it.
     
  3. Call Scottrade and ask - or do they have a demo on their website? I've never used the product so I can't answer.
     
  4. RickLong

    RickLong

    You have an option to route your order with TD or TOS. You do not get credit for adding Liq. though.

    Rick
     
  5. GTC

    GTC

    Rick, In TDAmeritrade's web-site they still have kept the misleading options for INET and ARCA. However, it does not actually go to INET or ARCA as it was used to; it now goes to the auto-router. The decision has been made a while ago.
     
  6. ecp321

    ecp321

    For direct routing on options and stocks go to Interactive Brokers.

    They have the best execution statistics of any online broker for both stocks and options (http://www.interactivebrokers.com/en/p.php?f=smartRouting)
    They are also the least expensive broker I know of for stocks, options, FX, and futures.

    To open an account with them just click on this link and it only takes 5 minutes to fill out their newly redeveloped online app:

    https://www.interactivebrokers.com/Universal/servlet/formWelcome?p=100&atype=IT&ibsrp=139