Options commission question....Tasty Works......

[Robert Morse]

Then, why do the Rule 606 disclosures from the heavy discount brokerages show a majority of orders routed to Citadel, Virtu etal?

Because they pay the most.

 

[FSU]

Then, why do the Rule 606 disclosures from the heavy discount brokerages show a majority of orders routed to Citadel, Virtu etal?

They pay to see the order flow, and indeed may end up crossing the trades, but they still must be posted on a listed options exchange.

 

[Robert Morse]

They pay to see the order flow, and indeed may end up crossing the trades, but they still must be posted on a listed options exchange.

The trade needs to be executed on a Listed option exchange but i’m not aware of any rule that says the order needs to rest on one. There are a few option dark pools.