Track ECN

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viewpoint

I signed up with a DAT broker. Their smart routing system lets me enable only a certain ECN's & preferencing methods.

Initially I decided to enable only ISLD, INCA and SOES; partly because ISLD and INCA give rebates to orders adding liquidity.

I noticed that Track ECN also gives $.002/share rebate, but I saw ET poll on ECN's which gives poor marks to Track ECN.

Should I enable Track also, just in case the smart routing send it there, and I get a rebate? Or is Track so bad, that I should stay out of it?

I'm new to DAT.
 
Originally posted by viewpoint
I signed up with a DAT broker. Their smart routing system lets me enable only a certain ECN's & preferencing methods.

Initially I decided to enable only ISLD, INCA and SOES; partly because ISLD and INCA give rebates to orders adding liquidity.

I noticed that Track ECN also gives $.002/share rebate, but I saw ET poll on ECN's which gives poor marks to Track ECN.

Should I enable Track also, just in case the smart routing send it there, and I get a rebate? Or is Track so bad, that I should stay out of it?

I'm new to DAT.
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Who are you trading with?
Track rebate is .005/share.
 
The rebate is shown as .002 and up to .005.

I called the broker, myTrack; actually I think TRACK is their own ECN. They told me that the rebate is .002 but up to .005 after volume rebate.

I asked if there's any volume rebate for someone trading about 1000 shares at most, and they said no.

So I figure, I'll get .002 at most. Anyway, do u get TRACK rebates? How often? Once again, is it worth enabling TRACK on the smart routing? (the charge is .007 for orders taking away liquidity from TRACK.)
 
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