Stock routing algorithms

Discussion in 'Order Execution' started by qazmax, Jun 4, 2002.

  1. qazmax

    qazmax

    It seems that brokers always want to handle the stock routing for us. When will a broker make a routing that we can program ourselves. Then when there are thousands of people trying different things, a better way will be determined. Right now there is probably a couple hundred people making all the decisions for the whole country. A few decision makers per broker house.

    E.g.
    1)Flash Primex - zero second auction
    no fill
    2)re-route to SuperMontage
    no fill
    3)route to liquidity tracker - 15 second show
    no fill
    4) turn over to ARCA

    Any thoughts...??