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Tim (software creator) has the ability to change the smart order routing function for each broker who uses VTS so different brokers use different methods. You need to check with a specific broker to see how it is programmed.

Yes, this is all true and the time for protesting has come and gone unfortunately. And to clarify, unless you have th 25K you realistically cannot daytrade on the long or short side. Obviously shorting requires margin. But essentially so does long trading as well. A stock trade currently...

I tried to reach them several times but to no avail. THey don't seem to want to promote their product. I was able to verify that they are not a b/d so you have to find one that supports their platform-which is the hard part. Frankly my guess is that they are only have a handful of traders...

Greg, That is precisely why I think the IB platform sucks. THe commissions are great but similar to the old paid for orderflow argument against online brokers, what does the execution really cost figuring in the market impact cost. It sounds to me like you have a sound understanding of the...

Praetorian, WHen you say only tier 1, what do you mean? A thin inside price level? THe Soes Tier limit is 1000 shares (vs 200 or 500)? Just curious. Also, what trading platform do you use and do you have an automated ECN sweep, or do you have to do it manually? Agreed that is you are...

Just to clarify, RE: SOES...the 17 second interval delay between applys to each MM who is "SOESable" ie all MM's at the inside price level. So if there were 6 MMs at the inside offer showing 500 shares each, and 6separate SOES buy orders came in, all 6 would be filled in an instant, and then...

Greg, Go to http://www.tradecourse.com/sample and watch slide # 4. It may help with your question (you will first have to click past the instructions page). It is a common source of confusion for new traders. Try to think of Level 2 quotes as "Wanted to Buy" ads (bids) and "For Sale" ads...