Route - NSX

Discussion in 'Order Execution' started by Ralf067, Jan 7, 2012.

  1. Ralf067

    Ralf067

    Hi!
    I'm looking for a broker that can route direct to NSX, but I can't find anything.
    Could you help me, please?

    Thanks
     
  2. rmorse

    rmorse ET Sponsor

    When you say "route direct", do you mean DMA or Sponsored access? For automated or high touch trading?
     
  3. Ralf067

    Ralf067

    Imagine this situation:
    Bid Ask
    Nyse 6.25 100 Nyse 6.26 100
    Arca 6.24 40 Nasd 6.26 50
    Nasd 6.24 500 NSX 6.26 10

    And I would like to buy shares from NSX and I wouldn't buy shares from Nasd and Nyse.

    (Sorry for my bad English but I hope you understand what I want to say ; p)

    Thanks!
     
  4. rmorse

    rmorse ET Sponsor

    What you need is Direct Market Access or DMA. You can direct your order to whatever exchange that broker has access to. NSX is fairly standard. We can do that on all our broker neutral platforms.
     
  5. my broker, speedtrader, offers that route, among many others
     
  6. Bob111

    Bob111

    http://www1.interactivebrokers.ch/contract_info/v3.8/index.php?action=Details&site=GEN&conid=6220356

    look at exchange row..this is where you can route your order..
    you can do this all day long at IB. if you do this manually-no additional fees. if you do this via API-there a fee. so-you have to be more specific. manually\auto,shares,markets,size, etc..Ib is just example of one retail firm
     
  7. Ralf067

    Ralf067


    Mhmmm I explained my problem not exactly. I meant no broker, but ECN. I'm sorry.
    By this time I've not known that my broker must offer it...I thought that it's no matter of broker but only matter of routing individual ECN's.

    so.......Must I ask my broker for offer it?
     
  8. rmorse

    rmorse ET Sponsor

    Why do you want to route there. They do very little volume.
     
  9. Bob111

    Bob111

    Ralf is planning to became NSX Bandit :p
     
  10. rmorse

    rmorse ET Sponsor

    Then he should go to a bigger bank. It's like robbing the lemonade stand.
     
    #10     Jan 10, 2012