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.
     
  2. Blocked only on certain stocks like SPY.
     
  3. white17

    white17

    Thanks. This was an option trade and the first I'd ever seen route there.
     
  4. def

    def Interactive Brokers

  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.