it will hurt some day trading shops, most places were probaby charging $15/1000 shares, while the "bullets" would only cost a firm about $3-$5 for a 1000 shares, imagine a making a profit of $10-$12/1000 shares !!!
used to offer both retail and prop bullets at my previous firm...margin is 10% aggregate exercise price(10% strike*shares) it used to be much higher...since strike is usually 20% above price, margin is more like 12%m, still really low...
Where do you route most of your orders?
SuperMontage
ISLD
INCA
ARCA
Or do you use SMART orders?
Why do you route them there? Is it because of:
Speed of execution?
Best available price?
Or cost(rebate) of executing on that destination?
Just trying to get an idea why people...