direct odering or smart order routing

H

hardcash

i have an account with IB.

is direct order routing for stocks like DIA, QQQ, SPY better than smart order routing ? and if so, what exchange has the best volume/prices/lowest slippage ? is it better to take limit order ?

recently i had 30-40cent slippage on SPY with a market order over smart routing, bit too much.

thanks for any shared experience.

peter
 
I guess smart order routing doesn't do you favour when
price is moving away from you very fast. It can find you
better prices in slower markets.

I have tried this before, and come to conclusion for better
way is to Place you order 2-3 cent above ARCA bid or 2-3
cent below ARCA Ask Price. With some plateform this can
be set (configured) in hot keys
 
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