Smart routing

Discussion in 'Retail Brokers' started by white17, Sep 24, 2002.

  1. white17

    white17

    I seem to recall a discussion a few days back where someone said that "smart" didn't route to the AMEX. I had it happen today. The execution took about 15 seconds and I thought it wasn't going to happen at all. Surprised to see the order go to AMEX.
     
    #1     Sep 24, 2002
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  2. stock777

    stock777

    Blocked only on certain stocks like SPY.
     
    #2     Sep 25, 2002
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  3. white17

    white17

    Thanks. This was an option trade and the first I'd ever seen route there.
     
    #3     Sep 25, 2002
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  4. def

    def Sponsor

    a last resort I presume :)
     
    #4     Sep 25, 2002
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  5. white17

    white17

    Well actually it was a surprising circumstance. All of a sudden a bid was posted @ 12.30 while the market had been 12.00x12.40 for quite a while and the underlying was falling. So, I hit it and figured, after the time elapse, that it wasn't going to fill. It did and the new bid dropped to 11.80. Go figure.
     
    #5     Sep 25, 2002
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