Execution Problems

Discussion in 'Trading Software' started by Steve Kellogg, Sep 19, 2001.

  1. For those interested...

    From the NYSE web site:

    "NYSE Direct+ offers rapid, automatic execution of limit orders up to 1099 shares."

    It is a slower than an ECN (2-3 second fills versus 0.2 second fills) but it is still automatic-execution. The specialist CANNOT stop Direct+ orders when there is posted size available, except in very infrequent instances when a large print is pending or the stock is halted.
    #21     Sep 25, 2001
  2. Htrader

    Htrader Guest

    Any retail online firms offer direct+? I think IB does not offer it.
    #22     Sep 25, 2001