Let's talk routing...

Discussion in 'Order Execution' started by Dustin, Dec 22, 2016.

  1. Robert Morse

    Robert Morse Sponsor

    Unfortunately, none of our less expensive routes for taking liquidity like LSPT are available in ETH. I would stick with Nasdaq and ARCA and I have no preference.
     
    #21     May 8, 2017
    youngbeast777 likes this.
  2. Thanks, is there such thing is a rebate route for buying calls/buying puts? Is there a way to add liquidity to get rebates for options or is adding liquidity only exists in equities?
     
    #22     May 8, 2017
  3. Robert Morse

    Robert Morse Sponsor

    Yes. Some exchanges have a maker/taker model and we support direct market access for options on Sterling Trader Pro, Silexx and Realtick. Why don't you send me an email to my work address and we can set up a time to talk tomorrow. I can also send you an option exchange pricing sheet for your to view.

    Bob
     
    #23     May 8, 2017
  4. mb4x4

    mb4x4

    I realize this is a very old thread but are you still on Lightspeed and using IEXG route? Curious if their "outbound" fee of .0035/s applies when the order is sent to IEX but filled with liquidity from another venue.

    https://lightspeed.com/pricing-fees/order-routing-fees
     
    #24     Mar 12, 2025
  5. Robert Morse

    Robert Morse Sponsor

    That is the current fee if routed out on our website. I would not use that route. I don’t see the advantage vs ARCA, NSDQ or EDGX.

     
    #25     Mar 12, 2025
  6. mb4x4

    mb4x4

    Gotcha thanks.

    I trade mostly premarket using ARCA, the add rebates are great. I assume there's no LSPT equivalent for premarket (taking)? Not a huge deal if not, fairly new to LS so just exploring all available routing options.
     
    #26     Mar 12, 2025
  7. Robert Morse

    Robert Morse Sponsor

    Are you a current customer? We have an Instinet Smart route for a flat $0.0022/share that works from 4am to 8pm and hits both Dark and Lite.

     
    #27     Mar 12, 2025
  8. mb4x4

    mb4x4

    Yes I am. OK thanks was curious about Instinet, great to hear its available at 4AM will give it a shot tomorrow.

    Much appreciated.
     
    #28     Mar 12, 2025
  9. Robert Morse

    Robert Morse Sponsor

    You need to request it be added from the service desk.

     
    #29     Mar 12, 2025
    mb4x4 likes this.