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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: LPS5 who wrote (1305)2/8/2001 10:43:24 AM
From: manfmnantucket  Read Replies (1) of 1426
 
NITE order handling protocols - anyone have any experience
with them?? On their website at nite-sec it states that
NITE will auto-fill you at the NBBO for market orders on NAS100 stocks, and give slight improvements if the spread
is over a certain amount. I.e., if NITE is not on the inside bid or ask on LII they will still honor that price.

Has anyone had enough experience routing to NITE to verify
whether this actually happens in practice?

Do they do the same thing for limit orders priced outside of
the NBBO?
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