Payment for order flow

Discussion in 'Order Execution' started by qaz, Oct 30, 2019.

  1. qaz

    qaz

    Hidden liquidity and hidden orders are 2 different things. Hidden orders are simulated and withheld from the exchange by the broker if they support that function, like IB. Whereas Hidden liquidity is the price you may get between the Bid and ask.
     
    #21     Nov 2, 2019
  2. qlai

    qlai

    In equities I can send hidden orders to the exchanges. I don't think these are available for options. I can place my hidden order between NBBO and someone can benefit from it by receiving better price compared to NBBO. Do options exchanges allow for such functionality? I quickly scanned CBOE spec and didn't find it.
     
    #22     Nov 2, 2019
  3. qaz

    qaz

    For options no.
     
    #23     Nov 2, 2019
  4. ETJ

    ETJ

    Goggle preferenced orders and you see where they offered. You can only hit them off a broker smart router.
     
    #24     Nov 2, 2019
  5. TommyR

    TommyR

    i love that the elite are super concerned about the latencies.
     
    #25     Nov 27, 2019
    murray t turtle likes this.
  6. %%
    That;
    + comissions/cost has been coming down over the years.NO turtle trades like a market maker/specialist LOL. But I never understood the concern about a market maker/specialist making a fair profit= as if any want to work for free??:D:D, :D:D:D:D:D
     
    #26     Dec 9, 2019