Eric, A great thread. Thanks...
I have similar experiences with Fidelity/DLJ/E*Trade. These days I use only E*Trade. E*Trade has a policy of assigning a particular stock to a particular MM. All my PHCM orders go to a greedy MM GVRC, all my DELL orders to MWSE, my BEAM order went to MAX?? (Chicago board I was told, when I called), and a lot of other orders to HRZG. I always get fills only for the first 100/200 shares, unless the trend is opposite to mine... The only MM I find a little better is NITE, who provides some liquidity, E*Trade uses NITE, but with every day I see E*Trade using more and more of GVRC/MWSE/MAX?/HRZG... all suckers.. I blame E*Trash for routing my orders to them...
I have a question for the thread. I appreciate any answer/opinion. Is there any OLB where I can choose the MM, other than ECNs? With higher commissions will SCH MM MASH provide liquidity? I do a lot of position/swing trades in stocks/options....
By the way who is GVRC? ,a totally useless MM
Thanks in advance,
DB |
