4 ms·
How do you think most brokerages fill orders? I'd rather get filled at the best price possible, which I assume a high frequency firm would be able to do better
by gmm1990 7y ago
How do you think most brokerages fill orders? I'd rather get filled at the best price possible, which I assume a high frequency firm would be able to do better than some other filling method. Pretty sure most brokerages do this anyway.
- gmm1990 7y agoSorry thinking about this more, I guess the actual best price at the stock exchanges would be preferable
- tptacek 7y agoInternalizers can quote better prices than the exchange NBBO; you don't have to guess: when you're buying, the lower price is the better one.
- intuitionist 7y agoReg NMS prevents HFTs from filling your order outside of the NBBO. if anything you’ll get slightly more favorable prices from a market maker, since they know you’re a retail trader who’s not going to run them over.
- gmm1990 7y agoYeah that makes sense then. I have been using Robinhood cause I figured it wouldn't matter anyway the latency differences between click trading and their algos are so large. But I won't be after the outage today.