Very interesting, obviously matters very little to retail traders as most retail brokerages either sell order-flow to marketmakers (e.g., Ameritrade) or have their own smart-router that looks at the liquidity of all exchanges/ECN and decides how to route their customers' orders (Interactive Brokers).
Quick question for trading peeps out there, is there a reason why one would want to direct orders directly to NYSE? Is it because it's still the place to trade bulk orders? (vs. say BATS or ARCA).
Quick question for trading peeps out there, is there a reason why one would want to direct orders directly to NYSE? Is it because it's still the place to trade bulk orders? (vs. say BATS or ARCA).