execution of spreads

[met1989]

Hello I'm looking to place butterflies spreads but it seems that Tdameritrade they have issues that never go out when u do limit order do other brokerages have better executions with cboe?

 

[Robert Morse]

What makes you think the limit order for your spreads is not on CBOE? IF you direct to CBOE, and they send it, you would see it here. http://www.cboe.com/cob
There might be a delay.

 

[destriero]

I have filled literally millions of contracts in flies via TDA. They are DMA but you cannot choose venue. You're trying to fill at mid? Open an IB account and route direct to CBOE.

 

[met1989]

I have filled literally millions of contracts in flies via TDA. They are DMA but you cannot choose venue. You're trying to fill at mid? Open an IB account and route direct to CBOE.

What’s DMA? Do u wanna teach me how to trade?

 

[destriero]

What’s DMA? Do u wanna teach me how to trade?

Direct Market Access.

I am thinking that you are attempting unrealistic fills by pricing at value (mid). You're unlikely to be filled at mid.

 

[FSU]

I have filled literally millions of contracts in flies via TDA. They are DMA but you cannot choose venue. You're trying to fill at mid? Open an IB account and route direct to CBOE.

Using TOS platform through TDA, you can direct your orders. I see 9 exchange choices for single orders, and 3 for spreads (CBOE, PHLX, and ISE)

 

[destriero]

Using TOS platform through TDA, you can direct your orders. I see 9 exchange choices for single orders, and 3 for spreads (CBOE, PHLX, and ISE)

lol thanks.

 

[met1989]

Direct Market Access.

I am thinking that you are attempting unrealistic fills by pricing at value (mid). You're unlikely to be filled at mid.

So mid never gets filled u say?

 

[destriero]

So mid never gets filled u say?

Not never. It's unlikely because a bot is not going to fill at mid. It's gotta be a MMer looking to cross at value to decrease the risk in their book. Or price moves to your limit order (no longer at value).

 

[FSU]

Hello I'm looking to place butterflies spreads but it seems that Tdameritrade they have issues that never go out when u do limit order do other brokerages have better executions with cboe?

Depending on what your are trading, orders over a certain size may go to a broker instead of directly into the COB with TD(SPX and VIX) Other than this, all their orders should go directly into the COB, and it shouldn't matter what broker you use (if the order is sent to the CBOE)