I suspect my broker send a tip to market makers before place my order

[LS1Z28]

After hours trade

I have 2 brokers. one of them with direct market access. The other broker use just EDGE ecn during after hours trade

First - i send a order to buy 100 stocks for 10.01 - i can see my order level 2( broker 1 - direct market access) . After i send a order to sell my stocks for 10.01 (broker 2) BUT broker delayed the execution and other people buy my stocks for 10.03

even when it can be filled, sometimes my broker does not execute order immediately

Not all orders are displayed. There could be a hidden order ahead of yours at $10.03 that you're filling. I don't see how a broker or market maker would benefit from filling your order at a better price. The main issue I would have is the delay in execution. A market order or marketable limit order should execute almost immediately. If it doesn't, you need a new broker.

 

[murray t turtle]

buy 100 stocks for 10.0101 is not a legal order.

%%
Good points. AND i'm not sure what an ''after hours test'' proves?? Except I try to avoid irregular hours=when possible. While there is strange stuff in aftermarket/preMarket, LOL, a stock going up a penny in an uptrending bull market, sounds normal.............................[Edit note, delayed , SCHW + most any of them fill a market order in like .04seconds.Measured from time of .......; but I watch fills more than anytime measure , on liquid stuff. ONLY if you have a delay + questionable market fill, is it suspect+ that would be over a long period of time.]

 

[El OchoCinco]

 

[TickSeeker]

It shows zero so nothing to worry about

 

[murray t turtle]

It shows zero so nothing to worry about

%%
LOL.IF that meter ever slows down+ giVes him a bad number/fill, switch broker$ but if + only if , it keeps happening . One 100 volume , one time order, tells me nothing on a penny uptrend/up tick..................................................................................................

 

[shatteredx]

Couldn't this just be his broker selling his order flow like pretty much all brokers do? Or is that something different?

 

[Turveyd]

Yes. I believe sometimes my broker delayed my order execution and send a tip to a market makers. Market maker place a order better than current price and fill

For example.
With broker 1 (direct market acess) i send a order to buy 100 stocks for 10.0101

broker 2 always send orders to Edge ECN. I send a order to sell 100 stocks for 10.01

BUT order is delayed. mysteriously someone place a order to buy 100 stocks for 10.02

I believe my broker send a tip to market maker, market maker place a order better than current price and fill

Brokers, will do that for 100shares and a total saving of $2, yep totally worth there time and money.


NOT!!!!!

Someone else placed an order, same time to buy at 10.03 likely hadn't even checked Level 2 and bang your shares where sold.

Stop trading with yourself, just wasting $$$'s on Comm's and likely illegal aswell.

 

[ironchef]

buy 100 stocks for 10.0101 is not a legal order.

Are you sure? A month ago on 12-2-19, I bought BIDU @ $117.5969 a share.

 

[Metamega]

Are you sure? A month ago on 12-2-19, I bought BIDU @ $117.5969 a share.

Sure that's not some avg fill price your broker provides. Common to see brokers break a order down to avg fill price. By the time you perhaps get filled across a couple levels and subtract ecn fees and sec fees.

 

[ironchef]

Sure that's not some avg fill price your broker provides. Common to see brokers break a order down to avg fill price. By the time you perhaps get filled across a couple levels and subtract ecn fees and sec fees.

Don't know how they filled it, but the email trade notification said Quantity XXX, Symbol BIDU and Unit Price $117.5969. If it is a split fill, they usually gave me more than one notifications.

In the grand scheme it wasn't important, that was why I never paid any attention to it until Robert mentioned it. I should probably call and find out.