Timeline for What are Sell Imbalance-Only Orders?
Current License: CC BY-SA 3.0
7 events
| when toggle format | what | by | license | comment | |
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| Jun 17, 2015 at 3:36 | comment | added | Jason Nordwick | This might have been what the SEC was referring to when they claim that Athens did things to ensure their orders were executed more often. Sending a penny to sell knowing it will be repriced to best offer seems very reasonable though. | |
| Jun 17, 2015 at 3:32 | comment | added | Jason Nordwick | It is all really poorly explained in the documentation. I had to call NASD a few times to get things in the ballpark. That line is just referring to Imbalance only orders to sell, for example, will only execute at or above the best offer when the cross is executed. The IO limit order offer is reprised to best offer. These IO orders only participate in the cross when there is an opposite side imbalance so this repricing makes sense. | |
| Jun 17, 2015 at 3:16 | comment | added | pyCthon | @JasonN I copied that straight from Nasdaq's website. | |
| Jun 17, 2015 at 1:16 | comment | added | Jason Nordwick | Imbalance orders on NASD are not priced as on offset to the close, so i don't think this is correct. | |
| Jun 16, 2015 at 19:39 | history | edited | pyCthon | CC BY-SA 3.0 |
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| Jun 16, 2015 at 19:34 | history | edited | pyCthon | CC BY-SA 3.0 |
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| Jun 16, 2015 at 19:25 | history | answered | pyCthon | CC BY-SA 3.0 |