How to get filled on hidden orders?

Discussion in 'Order Execution' started by tellerd66, Jun 12, 2020.

  1. I was trading a stock pre market that was 32.35 Bid at 32.50.

    I put a hidden order on ARCA exchange to buy 500 shares at 32.36. The next trade was 32.35 and did not fill my order on the way down.

    Do hidden orders trade differently pre market? Does anyone know why I wouldn't get filled?
     
  2. Your TIF was most likely set to day and it needed to set to extended.
     
  3. sprstpd

    sprstpd

    Are you sure the 32.35 print was on ARCA and not on some other exchange? Like a FINRA print?
     
    Proptrader23 likes this.
  4. the print may have been on another exchange. If i place a order pre mkt for arca it will still fill me on other exchanges if there is liquidity...maybe hidden orders are different?
     
  5. qlai

    qlai

    No, not pre/post nor regular. If nobody can see your hidden order the only way for you to get filled is if someone hits the bid on arca specifically. There’s no routing involved and you may see trades happening on other exchanges at or below your bid.