it doesnt matter if delayed or not specialist doesnt fill you if u tryin to get stock on flip size...with hybrid...fills should be much more meaningful
I'd also say that another important factor is how size on the Book gets traded out. In other words, in a strong stock, even larger offers should get traded out easily. With hybrid, it's really nice to put out a bid to buy shares into a large offer, and get filled reasonably. Before hybrid, I feel like if the stock was very strong, I often wouldn't get the fill - my order would be held, one large print at an offer would occur, and I'd get no shares.