SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Final Frontier - Online Remote Trading
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TFF who wrote (8121)4/6/2000 11:49:00 AM
From: Wayners   of 12617
 
They talk a lot about the "fragmented" market liquidity and the blame goes to the ECNs for internally matching orders. From my own experience it is rare for orders to be matched internally within ISLD without either the buy side or the sell side FIRST being displayed to the entire Nasdaq market. Now compare this to the brokers selling order flow to the market makers. How often is the market maker going to display their bought order flow buy or sell order to the market FIRST before internally matching the order. The answer is never. ECNs are getting a bad rap for this fragmentation argument when its the order flow and internally matching that is actually causing the framentation. Somebody needs to do a study and show as a percentage of volume, what % of ECN orders get internally matched and are never displayed to the overall market and then compare that to the % of orders that get matched interally at market makers and are never displayed to the market. I think the results would speak for themselves.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News