Not getting filled on hidden orders?

D

Darshan

For all of you level II traders I was wondering if you guys how orders can print on isld through your bid or offer?

I've been trading some thinner stocks as of later and I'll have hidden isld on the inside market and I consisently see print on isldthrough my price.

It only seems to happen at very opportune prices, these prints often tend to be the high/low of the move... I consisently notice this in NYSE and NASDAQ stock...

Wondering if anyone had insight into this

Thanks!
 
For both NYSE and NASDAQ getting prints on hidden ISLD is stock specific. For eg. pretty easy for GOOG, SHLD and BIDU. For most NASDAQ stocks you shouldn't have trouble.
For NYSE please name your stocklist maybe I can help.
 
Are you absolutely positive it's ISLD prints you see going through your price? There are plenty of other books that print on NAS that aren't ISLD. If you're seeing size going off in illiquid stocks, there's a good chance it's dark liquidity.
 
Quote from trader#21:

For both NYSE and NASDAQ getting prints on hidden ISLD is stock specific. For eg. pretty easy for GOOG, SHLD and BIDU. For most NASDAQ stocks you shouldn't have trouble.
For NYSE please name your stocklist maybe I can help.
More...

I get filled most of the time, but there are many instances where I the print will show up on isld (Nasdaq) through the price when I'm offer a better price...don't quite understand..
 
Quote from trom:

Are you absolutely positive it's ISLD prints you see going through your price? There are plenty of other books that print on NAS that aren't ISLD. If you're seeing size going off in illiquid stocks, there's a good chance it's dark liquidity.
More...

Perhpas, do dark orders show on the print screen on a typical Level II? The destination shows it's coming from Nasdaq, so I'm not sure what to think
 
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