Scalping Order execution? 10k lots and up - Which button do you hit? AUTO INET BRUT??

S

SwingOutOn5

Hoping to get mksummny on this one, especially.

What's the best way to enter large lots and get filled? Let's say I'm trying to scalp on LU (which mksummny seems to do quite frequently), which button should I hit?

thanks,
k
 
I personally dont think there is any one answer. If you get full ECN passthroughs it would be expensive to hit arca ($1 per 1k), and cheapest to hit island (90 cent credit per 1k). If there is enough volume on island to fill you i would say hit inet, if not, i would go brut (which is free), then specialist(50cents per 1k). If you are adding liquidity i would list arca first (free), then brut then specialist, or perhaps multiple orders on them all if you dont know what is filling fastest.
 
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