Def, why do I see such a spread in this? The prints I'm watching are only a couple cents apart but the B/A on Best_ECN may be off by 12 to 14 cents? Any idea what is going on? Thanks
Best_ECN Question...Def
- Thread starter El Cazador
- Start date
It makes me a little leary.....
Thanks, I'll do that in the AM if it seems to persist. The stock was PRD as it came off that double bottom at about 8:00 AM PST. I deleted the entry for Best_ECN and made a new ticker for PRD just using the drop down BEST selection. The spread narrowed down to what I was seeing on the prints. The Rev I'm using was upgraded on Monday. Thanks
El Cazador,
The BEST_ECN only shows the best bid and offer from ECNs, and that's all (no money makers or exchanges like NYSE). PRN is a NYSE issue, and not widely traded on ECNs, so you won't see good prices there due to lack of liquidity. PRN also has relatively low volume in general so yet another reason for the wide spread and difference.
Check out an active Nasdaq stock like CSCO tomorrow and you'll see that BEST_ECN is usually right on or within 1 to 2 cents of BEST.
Damon
The BEST_ECN only shows the best bid and offer from ECNs, and that's all (no money makers or exchanges like NYSE). PRN is a NYSE issue, and not widely traded on ECNs, so you won't see good prices there due to lack of liquidity. PRN also has relatively low volume in general so yet another reason for the wide spread and difference.
Check out an active Nasdaq stock like CSCO tomorrow and you'll see that BEST_ECN is usually right on or within 1 to 2 cents of BEST.
Damon
FROM: INTERACTIVE BROKERS LLC
June 06, 2001
Dear IB Customer,
IB now offers you three ways to execute your
stock orders. Depending on your preference,
you may route your stock order through one
of the following methods:
Best Execution--Want to compare competing
market centers? Choose our standard Best
Execution option that scans exchanges
and ECNs on the IB system, and routes your
order to the best market.
ECN Best--Designed for customers who prefer
the speed and certainty of ECN executions.
Our system will bypass traditional exchanges
and market makers and route your order to
the ECN on the IB network that is currently
posting the best price.
Choose Your Market--For even more control,
simply route your stock order directly to
the exchange or ECN of your choice.
Also please note the following important
points:
--If you select ECN Best or route stock
orders directly to a particular ECN, better
prices may be posted by other market centers,
and you may be foregoing the opportunity to
have your orders executed at a better price
elsewhere.
--ECN Best applies to the over the counter
market, not the listed market.
--BRUT will reject orders that cross
the BBO (best bid or offer).
If you have any questions regarding routing
choices for stock executions please email
our Customer Service Department at
help@interactivebrokers.com.
Best Regards,
Interactive Brokers LLC
http://www.interactivebrokers.com
June 06, 2001
Dear IB Customer,
IB now offers you three ways to execute your
stock orders. Depending on your preference,
you may route your stock order through one
of the following methods:
Best Execution--Want to compare competing
market centers? Choose our standard Best
Execution option that scans exchanges
and ECNs on the IB system, and routes your
order to the best market.
ECN Best--Designed for customers who prefer
the speed and certainty of ECN executions.
Our system will bypass traditional exchanges
and market makers and route your order to
the ECN on the IB network that is currently
posting the best price.
Choose Your Market--For even more control,
simply route your stock order directly to
the exchange or ECN of your choice.
Also please note the following important
points:
--If you select ECN Best or route stock
orders directly to a particular ECN, better
prices may be posted by other market centers,
and you may be foregoing the opportunity to
have your orders executed at a better price
elsewhere.
--ECN Best applies to the over the counter
market, not the listed market.
--BRUT will reject orders that cross
the BBO (best bid or offer).
If you have any questions regarding routing
choices for stock executions please email
our Customer Service Department at
help@interactivebrokers.com.
Best Regards,
Interactive Brokers LLC
http://www.interactivebrokers.com