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Strategies & Market Trends : DAYTRADING Fundamentals
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To: cloudless who wrote (6338)1/7/2000 2:17:00 AM
From: Francis Ou  Read Replies (1) of 18137
 
Cloudless,

From my understanding the Auto-trade orders are sent directly to Island, especially limit orders outside the inside bid/ask are usually sent within a second (can see it on the Island book or Level 2). For marketable orders I think it's the same, since I rarely experienced late fills with Auto-trades.

The $7.75 trades are sent to different brokers, but mostly to NITE (judged by the few ones I made). Usually it takes longer to confirm/fill.

Francis
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