Smart Routing Really Smart?

Discussion in 'Order Execution' started by PennySnatch, Mar 15, 2018.

  1.  
    #11     Jul 29, 2023
  2. Robert Morse

    Robert Morse Sponsor

    2ripchic4-you re-posted my post but did not comment. Did you delete your question or statement?
     
    #12     Jul 29, 2023
  3. I must've done it by accident, my bad. I had a question. Why are SMRT orders sent to MMs for PFOF? I'm doing a prop challenge now and can only use SMRT route the broker said. Are SMRT orders slower than ECN routes? I like to use NSDQ.
     
    #13     Jul 29, 2023
  4. Robert Morse

    Robert Morse Sponsor

    Every SMART route is difference. The SMART routes to MM are not designed for speed. They are designed to reduce your cost by providing PFOF to the broker to reduce your get rid of commissions. Our SMART route is very fast and not the same as the ones the commission free broker's use. If you want a broker that provides access to ECNs and Exchanges from 4am et until 8pm ET, with some dark pools and SMART routes during regular market hours, give us a try after your prop challenge. Is that even real trading or a SIM?

     
    #14     Jul 29, 2023
    murray t turtle likes this.
  5. I see. Thanks. It is a performance account. It is sim in Step 1 and Step 2. If pass I am eligible for real account in buying power.
     
    #15     Jul 29, 2023
  6. Robert Morse

    Robert Morse Sponsor

    SIM is not real so it makes no difference if you send it to SMART, NSDQ or the moon.

     
    #16     Jul 29, 2023
  7. I understand. I meant if am approved for live account.
     
    #17     Jul 29, 2023