This is mainly for IB customers, since IB has always been very accomodating to its customers requests:
I personally would almost always use "SMART_WITHOUT_ARCA" for quotes as well as orders, if IB were to bless us with such a routing option.
The occasional penny ARCA could make you is definitely not worth bad quotes for hours every other day and stuck orders virtually every day!
I personally would almost always use "SMART_WITHOUT_ARCA" for quotes as well as orders, if IB were to bless us with such a routing option.
The occasional penny ARCA could make you is definitely not worth bad quotes for hours every other day and stuck orders virtually every day!