4 ms·
You don’t need to be an internalizer to capture that, though. Just read the tape: the order for 3 shares that got the sub penny price improvement is the retail
by patio11 7y ago
You don’t need to be an internalizer to capture that, though. Just read the tape: the order for 3 shares that got the sub penny price improvement is the retail one.
(There’s a paper on this somewhere that I think I remember reading when doing level design for Starfighter.)
- gruez 7y agoDo internalized orders show up on "the tape"? I would think not.
- evanpw 7y agoYes, they do, though it doesn't list the specific internalizer. It looks the same as any dark-pool trade.
- cs702 7y agoGood point. Maybe. I don't know if it's possible to discern retail trades in a mass of trades so accurately.