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  • 10 votes cast
Oct
27
awarded  Notable Question
Oct
15
asked Helpful references for fully understanding the mechanics of NASDAQ's auction system?
Oct
14
comment How to hedge an ETF position with a basket of its underlying components
That makes sense. It's the best approximation with less dimensions where metric is return difference. Doesn't seem like you can get away with something simple to run "real-time"
Oct
14
awarded  Commentator
Oct
14
comment How to hedge an ETF position with a basket of its underlying components
That seems reasonable - I feel naive approach of truncating off smallest constituents wouldn't be optimal but not 100% on why.
Oct
14
asked How to hedge an ETF position with a basket of its underlying components
May
4
awarded  Popular Question
Jan
24
awarded  Popular Question
Aug
19
awarded  Popular Question
Jul
2
awarded  Curious
Apr
15
awarded  Notable Question
Feb
12
awarded  Popular Question
Jan
12
awarded  Notable Question
Oct
27
awarded  Nice Question
Sep
29
awarded  Yearling
Apr
25
comment What exactly is an ISO order?
Right..so how do they "honor" the better quote?
Apr
25
comment What exactly is an ISO order?
It also seems from here: elitetrader.com/vb/attachment.php?postid=2804485 that some routing can happen. For example, while first page says something similar to what you say..the second page says "if an away price is better than the NYSE quote. The NYSE honors it before trading at the NYSE"
Apr
25
accepted What exactly is an ISO order?
Apr
25
comment What exactly is an ISO order?
Thank you, I had come across the first definition in some forum..maybe it's called something else (when instead of getting just a partial fill locally, the order automatically gets routed to different venues to keep getting filled at the nbbo)
Apr
25
asked What exactly is an ISO order?