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Optionshouse amazing flat rate
- Thread starter Mvic
- Start date
Is it not direct routing by optionshouse ,tradeking
End effect ,that would not cheaper ,possibly more expensiver
as with direct routing
Direct routing
By IB 1.75$ (not pure agent ,market maker through TMWD)
by OXPS 1.25$ - 1.5 $ (pure agent)
By TOS 1$-1.5$ (pure agent)
By AMTD 10$ + 0.75$ per contract (pure agent after selling interess in NITE)
Your respectfully ...
End effect ,that would not cheaper ,possibly more expensiver
as with direct routing
Direct routing
By IB 1.75$ (not pure agent ,market maker through TMWD)
by OXPS 1.25$ - 1.5 $ (pure agent)
By TOS 1$-1.5$ (pure agent)
By AMTD 10$ + 0.75$ per contract (pure agent after selling interess in NITE)
Your respectfully ...
Quote from ssss:
Is it not direct routing by optionshouse ,tradeking
End effect ,that would not cheaper ,possibly more expensiver
as with direct routing
Direct routing
By IB 1.75$ (not pure agent ,market maker through TMWD)
by OXPS 1.25$ - 1.5 $ (pure agent)
By TOS 1$-1.5$ (pure agent)
By AMTD 10$ + 0.75$ per contract (pure agent after selling interess in NITE)
Your respectfully ...
Exactly. Since Optionshouse is their own version of SMART routing it is reasonable to assume that (1) all order flow will first go to Peak 6 so that they can maximize the bid-ask spread and then (2) any option that Peak 6 does not make a market in will be sent to the exchange where they can receive the most payment for order flow.
Now the other question you need to ask is let's say that you are doing a spread in size (1000 contracts, 2000 contracts, etc.). Yes, it does look great that each leg is $9.95 and thus the commission per contract is so low. However, if you get immediately filled, then maybe you are the one holding the bag.....