odd lot on Amex

Discussion in 'Order Execution' started by mats, Dec 13, 2006.

  1. mats


    as far as I understand odd lot trading on Amex is not allowed. (for example 5 orders of 98 shares / with total of 490 shares). What will happen to a trader who is sending these type of orders to specialist book.

    What will happen when these trades are routed trough ECN, as far as I understand some ECN will accept this, although fees will be much higher.
  2. narballs


    amex charges alot i beleive 3 cents a share.

    i believe you must use ISLAND without route out on to keep it cheap.

    ARCA is expensive almost 3 cents a share....

    soes is cheap also...

    pleae correct if i am wrong..