Execution speeds at different brokers.

Is it safe to say all the online brokers have execution speeds under 1m for market orders?

For limit orders is there similar consistency?

 

The word you used "all"...is the key in your sentence.

Thus, not "all" brokers have execution speeds under 1m for market orders...depending upon the reputation of the broker and the liquidity of the trading instrument.

For example, don't buy 10 contracts of a market that only trades a few contracts per day and don't use a broker located in a country that doesn't exist (you can't find it on Google Map) or don't use a broker that every time they send you an email...the IP address of each email is different and from a different part of the world.

 

Thanks.

Let me rephrase. Instead of "all" lets say "top 10 most popular retail options brokers" for the more commonly traded securities.

 

What is 1m? Minutes, milliseconds, microseconds? Tick to trade, or order entered. I'm not sure what you are really looking at.

 

The very casual "1 minute."

 

If you enter an option order that is marketable, even if it goes through an option dark pool, one minute is unacceptable. Should be under one second depending on your location vs the broker's server and the option exchange. When you use Direct Market Access on our platforms, and the order is executable at the time of entering, you should get an execution "immediately."

 

Thanks.