Does ARCA still use the same order logic that it used to? I bought a stock through ARCA and paid 18.75, while the market was right around 18.67. I even checked time and sales, and my trade of 18.75 was surrounded by a bunch of trades around 18.67-18.68. I would think that I would get the best price, whether it had to go to another ECN, a market maker, or whatever.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
ARCA order logic
- Thread starter Toonces
- Start date
Arca is good for shorting, can place order on a downtick and the software will automatically place it .01 higher than best bid.
Supoose only takes 100 sh at .01 up, will take rest at your limit price or better after bid tiks up.
Although i use island for everything else, longs and shorts where bid is already uptik.
Supoose only takes 100 sh at .01 up, will take rest at your limit price or better after bid tiks up.
Although i use island for everything else, longs and shorts where bid is already uptik.
Quote from stokhack:
Arca is good for shorting, can place order on a downtick and the software will automatically place it .01 higher than best bid.
Supoose only takes 100 sh at .01 up, will take rest at your limit price or better after bid tiks up.
Although i use island for everything else, longs and shorts where bid is already uptik.
any broker's software would do this for you with a market short order.