OTC markets - ARCA and ARCX (arca edge) are the same ECN ?

Discussion in 'Order Execution' started by secic22935, Aug 15, 2020.

  1. Some brokers allow orders to otc markets with ARCA

    But IB send orders to ARCX
     
  2. Edited.
    I think they're basically the same thing. Originally Archipelago Exchange, hence ARCX. Then bought by NYSE, now called NYSE Arca. But it appears the ARCA means only the equities, while for options the abbreviation is PSE (probably from the days when Archipelago merged with the Pacific Stock Exchange). From IB's site:
    • NYSE Arca - Equities (ARCA)
    • NYSE Arca - Options (PSE)
    So maybe IB uses ARCX as a catch-all for both ARCA and PSE. That's my guess.


     
    Last edited: Aug 15, 2020
  3. otctrade

    otctrade

    Do you know which brokers route to ARCA for otc?