How do you get filled on NYSE stocks?

Discussion in 'Order Execution' started by listedguru, Jan 8, 2004.

  1. Just wondering what kinds of orders folks are using these days for NYSE listed stocks? I've noticed the specialist freezing the book a lot and not filling my orders...

    Say for example you want to buy XYZ at 25 and there are 15,000 offered there - you put out a limit order to buy 2000 shares, the specialist freezes the book, prints a couple big blocks but you don't get your shares. Does this happen to anyone else?

    Anyone using market orders? What in your opinion is the best way to get filled on listed stocks these days (limit, market, etc)?



    P.S. It seems like whenever action comes into a stock NX is turned off immediately....
  2. Click, and Pray :(
  3. dvs


    remember the crowd has priority over your order, even if your order gets there first
  4. Happens all the time.. try direct+ in at 1000 a clip with a delta, I usually get filled. Take the other 1k after the block. If he freezes it, sometimes you don't want it. He can just as easily go either direction in those cases. if you really want it pay up a few cents on an Arca Proactive order, you will get any shares available, it seeks them out. Only downside you get the fun 82 share partial fills you can't send to NYS. Market out, not in :)
  5. hayman



    Learn to deal with the inequities of the NYSE. Specialists are constantly abusing the system "legally" to line their pockets with profits.

    Today's HP news is huge ! IMO, it is the beginning of the end of the NYSE as we know it today. Failure of the NYSE to bring their biz into the 21st century will certainly cause their demise.
  6. Wow...people still listen to brokers? :D


  7. TraderRC


    I've had tremendous success using direct plus (NX) in conjunction with eSignals NYSE Open Book
  8. stevebec


    Well, my broker is E. F. Hutton, and E. F. Hutton says...
  9. with hpq, it would be fun to watch nasdaq mm's leaning against the specialitst only to get wacked by him with size
  10. depends on the stock. i like using acra and isld at times if a stock has alot of action
    #10     Jan 8, 2004