Where your order got routed out? If it was routed out down to NYSE, you had to wait for the next round lot transaction the get your odd-lot execution. That would explain 9 seconds delay.
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Trigger order by exchange that did not execute
- Thread starter Option Trader
- Start date
FredBloggs
Guest
Quote from Option Trader:
It was a stop order that would be triggered if the stock opens at or below a certain price, and it would sell stock at market.
I don't know what you mean in your second paragraph, and if it still applies (after the clarfication I made).
so it was a stop gtc. thats different.
2nd para always applies. its more important in less liquid markets and esp options
Quote from FredBloggs:
... 2nd para always applies. its more important in less liquid markets and esp options
It seems there is a difference of opinion if the issue is illiquid markets or if the issue is NYSE?Quote from speculatus:
Where your order got routed out? If it was routed out down to NYSE, you had to wait for the next round lot transaction the get your odd-lot execution. That would explain 9 seconds delay.
Quote from Option Trader:
It seems there is a difference of opinion if the issue is illiquid markets or if the issue is NYSE?
IMHO it has nothing to do with the liquidity. Every market center has it's own rules when it comes to dealing with odd-lots. It's not the question if the stock is NYSE listed or not, the question is where did you get your fill.