Nasdaq Routes Information

B

Bandal

Hi,

a broker told me all his routes available at the moment for trading Us stocks:

I'm interested only in Nasdaq routes; I know someone ( as ARCA BATS EDGA EDGX NSDQ for example)..but the list is very long...I don't know many of them

Where can I find a site with a global list relating to the Liquidity rebates and charges provided by the ECNs? ONLY NASDAQ ROUTES? or have I to refer to each ECNs' website for their current rates? but I can't find many of them..

here the list :

Here are all the routes available at the moment :
ALGO
ARCA
ARCA=
ARCAALO
ARCAMPL
ARCAPOP
ARDOX
AROUC
AROUD
AROUZ
ASRDOT
ASROUT
ASROUX
ASURDOX
ASUROUT
ASUROUX
AXFINDER
BATS
BATSALIQ
BATSARCA
BATSCINX
BATSDS
BATSNSDQ
BATSONLY
BATSWEEP
EDGA
EDGX
GETCO
LEVEL
LEVELIOC
LEVELMP
MLNM
MLNMDOT
NIX
NIXDARK
NSDQ
NSDQADOT
NSDQBX
NSDQDDOT
NSDQIO
NSDQMDOT
NSDQMOPP
NSDQSCAN
NSDQSTGY
RDOX
ROLF
ROUC
ROUD
ROUZ
SMART
SMARTEDGE
SMARTMID
SRDOT
SRDOX
SROUT
SROUX
STEALTH
STRIKE
SURDOX
SUROUT
SUROUX
SWIPE
TRAC
TRIM
XFINDER

Thank you for your help
 
That's a pretty long list -- what, may I ask, is the broker you're using? And are all those available to you now, or upon request?

I think that those are broker- or platform-specific routes that specify particular order types; this is done using FIX flags behind the scenes, but some brokers/platforms don't want to implement all the possible flags in their user interface and/or API.
 
I'm not sure what you say by only nasdaq routes.

But anything with the prefix NASD is for nasdaq. The ending describes the routing strategy.
 
Thank you for replying..

This is not my broker but a proprietary firm..

I've never traded with prop. only retail US firms; I know perfectly the difference between retail and prop... mostly no SIPC protection fund fees charged.. and all other ... but I'm only inquiring about them because they have a lot of routes and the lowest commissions I've got either per share or per trade; so I'm very curious but I'm very cautious...
thanks
 
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