nx question

NY, I believe that excuse you were given is a new one. Emptying the mailbox.

 

no wonder traders flock to emini, better fill, higher leverage and all electronic.

 

Is nx good for 1000 shares or 1099 shares?

 

nx is only good for 1000 shares or less. So if you want to nx an odd lot the max is 999 shares.

 

http://www.nyse.com

 

Does anyone know how an order for 2000 shares that is designated NX would be handled? Would the first 1000 get the NX execution, and the other 1000 go to the specialists book? or would it be an invalid order and all 2000 shares go to the specialist book?

 

the executable portion is executed, the balance goes to the book. They're not gonna reject your order! They want to use it.

 

I'was trying to find the exact NX rule at nyse.com and was unsuccessful, can anyone help?

 

Here is an actual photograph of a NYSE specialist:

 

actually it is 1099