The fast, reliable order route

Discussion in 'Trading' started by exce26, May 29, 2001.

  1. exce26

    exce26

    In Interactive Broker, you can use 3 method for putting order
    1. Best
    2. Best_ECN
    3. NASDAQ
    Which one is the fastest & most reliable order route?
     
  2. def

    def Interactive Brokers

    i'd stay away from best_ecn until it is formally released this or next week just to be certain that it has been completely tested. I imagine that will be the fastest route as you will go directly to ECN's and avoid market makers. NASDAQ gets sent to Nasdaq which may lead to a fast or slow fill depending on the market maker and your type of order. BEST will choose the best price available, if it goes to an ECN like Island the fill will be immediate. If Nasdaq, see above.