Recent content by danger68

Thanks DATTrader and Vinny1 for addressing this issue. I suspected that ARCA functioned as you guys said, but I just wanted to make sure because it is not specified on the ARCA website and a lot of people use ARCA blindly without understanding how it or any other ECN works. Best of luck to...

So can anybody say for sure that ARCA routing: 1) Checks it's own book 2) Checks the ECNs it has a direct connection to 3) SNet Preferences the ECNs that it does NOT have a direct connetion to 4) SuperSoes the MMs Furthermore, why even use ARCA NOW (that only goes to the ECNs that ARCA...

Prior to SuperSoes, ARCA used SelectNet Preference to send orders to Market Makers, but now that SNet is a non-liability order-delivery system, does ARCA use SuperSoes instead to get to the market makers? I looked throught the ARCA website and they do not specify if the use SuperSoes or not...

When I was reading some information about placing an IOC order through SNet, I found that the order is killed in 3 minutes if not executed. My first question is, what is the purpose of having an IOC order that can last for 3 minutes before being killed? My second question is, since SNet...

With NYSE now trading in decimals, what is considered a "tick" for implementation of the UP-TICK rule for shorting stocks? When NASDAQ finally is 100% decimal, what will they consider a "tick" for shorting purposes? Does anyone know when the Up-Tick rule will be eliminated? Thanks, Dan