when orders are sent from broker to market makers or to the nasdaq what info is sent?

Discussion in 'Order Execution' started by jenny2000, Oct 30, 2021.

  1. Overnight

    Overnight

    Markets makers are not Facebook! NO! The market makers have no idea who you are, and do not CARE!
     
    #11     Oct 30, 2021
    murray t turtle likes this.
  2. traider

    traider

    The market makers use all the information that they can, but they do it on an aggregate level. It's the same as any other big tech giant harvesting their user data. Unless your order is huge enough to move the market you don't have to worry
     
    #12     Oct 30, 2021
    capitalC and murray t turtle like this.
  3. they dont do it in personal level because they dont have that info or because they dont care? if you dont know please dont answer
     
    #13     Oct 30, 2021
  4. Overnight

    Overnight

    I guess the only folks on the forum who would truly know the answer are market makers. Do we have any market makers on the forum, the entities you are so concerned about? Let's wait and see if any chime up.
     
    #14     Oct 30, 2021
  5. big brokers can answer this question
     
    #15     Oct 30, 2021
  6. Overnight

    Overnight

    I believe the "biggest" broker we have on the site that is known is IB.

    @def
     
    #16     Oct 30, 2021
  7. traider

    traider

    Your order size is too small for them to spend the effort to write a specific algo to exploit it. Unless you are a huge fund doing size.
     
    #17     Oct 31, 2021
  8. qlai

    qlai

    I remember @cruisecontrol mentioning that some brokers do provide account level info, which he confirmed with them. I would not be surprised if that happens since whoever is buying the orders don’t want any toxic flow.
     
    #18     Oct 31, 2021
  9. Leob

    Leob

    They dont do it on personal level they do it on the technical level.
     
    #19     Oct 31, 2021
    capitalC and murray t turtle like this.
  10. sandy_s

    sandy_s

    This is a good question....and one may be worried if trading illiquid instruments or trading that time of day when volume is a trickle..

    You will know when is the time to trade an instrument so that you are not the one caught on wrong side of things..
     
    #20     Oct 31, 2021
    murray t turtle likes this.