Does a Round lot order (100 shares) get better filling ?
- Thread starter TheMordy
- Start date
It’s amazing that my orders (mostly round orders from 100 to 500 shares) almost always got filled even at the price edges, i.e., if the price reaches $200.06 at its highest and I got filled at $200.05.
For years I only had a few orders filled at 93 shares out of 100 shares, for example. It was usually at the very extremes of price movement.
Granted I only trade very liquid stocks in high volume situations.
For years I only had a few orders filled at 93 shares out of 100 shares, for example. It was usually at the very extremes of price movement.
Granted I only trade very liquid stocks in high volume situations.
That makes sense. Guess computer programs don’t care 1 share or 10 shares.
I also noticed if my order is in the price volatility range, even at the edge, it always gets filled. My reasoning is it’s favorable to fill orderers as much as possible, like doing more business in a way. No order fills no business for brokers.
That phenomenon may become some kind of edge, though quite small.
I also noticed if my order is in the price volatility range, even at the edge, it always gets filled. My reasoning is it’s favorable to fill orderers as much as possible, like doing more business in a way. No order fills no business for brokers.
That phenomenon may become some kind of edge, though quite small.
Slightly different routing. But in normal markets with a high volume instrument, and not huge order, there should be no discernable difference.
On the other hand, in a disorderly market, I would stay clear and go with a 100 share increments to avoid the odd lot matching engine. You will have enough troubles being retail in such markets.
On the other hand, in a disorderly market, I would stay clear and go with a 100 share increments to avoid the odd lot matching engine. You will have enough troubles being retail in such markets.
What kind of liquidity? How many shares per day does it usually trade?