post-only orders consuming midpoint liquidity?

Discussion in 'Order Execution' started by stochastix, Jul 28, 2020.

  1. From your link:
    In other words, if your post-only order is marketable when it arrives at the exchange then it becomes an IOC order which is liquidity removing.

    Did you check the tape to see where the market was when you received these fills?
    stochastix and qlai like this.
  2. qlai


    You can always call NASDAQ and ask if your broker can’t answer.
  3. Yes, I will go back and check that soon, I have it all logged and recorded. I will probably setup some automated thing, to check the market state at the time of execution.. the FAQ has a pretty clear explanation.