Colin,
<<With MBT wouldn't this be basically the same? I'd see Archipelago on Level II with say my 2,000
shares and they d@mn well better execute that 2,000 for my account when I see it on T&S. >>
Yes. It would be the same, and ARCA would execute you much the same way that you got executed via NITE with your current broker. If the price was coming to you as you describe and you were alone on the bid, you would fill promptly (maybe ten seconds) providing of course someone wanted to sell them to you. The difference would be you would get a confirmation in your order entry screen about a second or two after you filled. You would see the ARCA order go away off L2, you would see your sale print in TOS, and you'd get the confirmation, all about the same time. Neat, clean, fast.
Rick |
