Quote from Scalper007:
Hey traders,
I can't understand why some of you want to switch to nasdaq now. Because NYSE is now becoming nasdaq. The new nyse hybrid system is very similar to nasdaq. You will see what I mean, when the nyse goes in full hybrid mode. For example, today I traded ODP and it is one of the few stocks in nyse that turned hybrid this week. And the fills were instantaneous. Whatever the specialist shows, is what you get. No more holding orders!! I placed several market orders in ODP today and got filled in less than a second. It's really awesome if you can live up to the speed.
Also, through my experience in nasdaq, I can say that arca hits everything. Arca searches for the best price everywhere. It even hits the pacific exchange. And I thought island was the one that only routes to island. But I am not sure if hits market maker quotes. Correct me if I am wrong.