I see a correlation to slow fills or no fills if its a "good till cancel" order. I think this gives the specalists too much liberty to work it in to a larger spread to fill larger orders and make a bigger net. TS
It was an OPG only order, marked OPG, SS 67.40 the stock opened up at 68 and they gave me the UR OUT message, the floor told me that I there was stock ahead. I was in at 6:23, 7 minutes prior to the open, and a friend of mine was in 4 minutes later and got the fill. THe only difference is we trade with different firms. I should have gotten the fill..Time, and price were both on my side. BTW, he opened the stock at 6:37, I was in there for 15 minutes and no fill. THIEVES...i tell you!
I have had many issues with not getting filled on NYSE. Every time I call down to the trade desk to see why I didn't receive the print, even though it went through my price, I receive the same answer. "There were shares ahead of yours", thats why you did not get the fill. It is no win situation! no reason to even argue it! Trade and deal with it or just do not trade. If you are worried about it, try trading nasdaq, where the fills can be better. As far as me, I trade NYSE. I can make money trading it and am not to concerned with a lack of a fill from time to time.
Is it true the NYSE Open Book has no ( 0 seconds) delay? In the beginning It had a 10 second delay for subscribers. What is the story?
They got just a little longer to keep making this money. I also hate NYSE. As a joke I will put out a market short sometimes just to see how long I can go, how far it will move, before I can cancel it, with still NO FILL.
It seems each stock has its own nuance. Some of them turn on you the moment you buy more than just a few shares, some of them don't.
Well, my 'tipping point' just came. ARCA's liquidity on listed stocks is now good enough. I've just switched to trading all thick NYSE (non-hybrid) stocks through ARCA, instead of bending over for Vinny the specialist.
The latter, for the most part. I get 5-figure rebate payments every month. (Not to be confused with 'rebate trading', which I don't do.)