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Manual Order Routing
MB Trading provides access to various ECNs & marketplaces. The exact trading hours vary by ECN, as indicated in the MBT Order Routing Grid.
ARCA www.tradearca.com |
ARCA provides anonymous order entry capabilities using their proprietary SmartBook® software. SmartBook® looks for the best price for an order internally or externally. ARCA currently provides access to Nasdaq, OTCBB, NYSE, AMEX, and PCX. |
INET www.inetats.com |
INET, formerly Island, is one of the largest market destinations for Nasdaq securities. INET’s liquidity has grown to a daily average of approximately 4.5 million orders and 361 million shares during 2001, making it a leading marketplace for several of the most actively traded Nasdaq securities. |
BRUT www.ebrut.com |
Brut trades over 200M shares per day on the NASDAQ and maintains direct connections to ARCA, ISLD, INCA, and BTRD. However, over 80% of Brut´s executions are matched internally on the Brut book. For listed stocks, Brut routes to the floor of the exchanges via SuperDOT. |
REDI www.redi.com |
Routes NYSE and AMEX orders via the SuperDOT system.¹ |
OES www.tradeoes.com |
Routes NYSE and AMEX orders via the SuperDOT system.¹ |
ISI www.broadcort.com |
Routes NYSE and AMEX orders via the SuperDOT system.¹ |
1. SuperDOT electronically places both market and limit orders for stocks listed on the NYSE and AMEX. SuperDOT safely stores client orders and then, based upon the order details and programmed parameters, routes the order to a broker's booth or directly to the trading post specialist for the stock.
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