For those interested...
From the NYSE web site:
"NYSE Direct+ offers rapid, automatic execution of limit orders up to 1099 shares."
It is a slower than an ECN (2-3 second fills versus 0.2 second fills) but it is still automatic-execution. The specialist CANNOT stop Direct+ orders when there is posted size available, except in very infrequent instances when a large print is pending or the stock is halted.
From the NYSE web site:
"NYSE Direct+ offers rapid, automatic execution of limit orders up to 1099 shares."
It is a slower than an ECN (2-3 second fills versus 0.2 second fills) but it is still automatic-execution. The specialist CANNOT stop Direct+ orders when there is posted size available, except in very infrequent instances when a large print is pending or the stock is halted.