Recent content by AlphaTail

Kicking, he told me that you can close odd lots. All my odd lot orders were rejected today, SMART, ARCA and ISLAND. It's weird, why not allow odd lots through the ECN's? And can anyone clarify what a "priority order" is?

Here's what I got out of them so far: "The NYSE is forcing us to make this change. They are concerned about customers with odd lots flooding the system with priority orders." I'm not entirely clear on the answer. What about ecn's? And I also got rejected on Nasdaq today. Supposedly odd...

Just spoke to a customer rep. Odd lots were "turned off" all day today, and will be permanently disabled during the first quarter of 2007, probably around Feb. I love IB, but my money managment scheme requires the use of odd lots. I hope they don't go through with this.