Do I have this right... Am I reading this correctly, If I route to EDGA using ROUC will I only be charged 20 mils no matter what? So if the order exchange posting is ARCA I will only be charged 20 mils to take on ARCA. Is that correct using EDGA_ROUC routing strategy? http://www.directedge.com/SubscriberInfo/FeeSchedule.aspx
No you can't route to arca for 20 mils... the order will just post in the edgabook and await an incoming order to match it.
Won't hit ARCA (or NASDAQ's main book or BATS, etc). see: http://www.directedge.com/Portals/0/docs/NextGen Guide to Order Types.pdf on page 6 ROUC only hits: EDGA book ELP1 & ELP2 BX NYSE Your remainder would either: (DAY) post displayed at a price that would not lock another exchange's quote or: canel back to you