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Mark,
Level II will not help gain faster execution with NYSE. I use Level II
and there are times that I have to wait 3-5 mins to get confirmation on the
trade. With Nasdaq stocks more like 3 seconds. Sorry, I can't help you
with the rest.
TradeWell,
Joe Frabosilio
Mark Jackson wrote:
> Several people have told me that I need a company that is "Level II" for
> most efficient order execution. As I understand it Level II provides
> information of who is offering what on NASDQ stocks. If I only trade
> NYSE large cap technology is there still some advantage with this type
> of provider? I subscribe to a satellite real time data provider so that
> I can compile tick data for testing ideas. So I'm already paying
> exchange fees, have real time data and an extensive charting program.
> What I would like to find is a company that gives me the ability to
> quickly switch between about 4 accounts for order entry, rapid order
> entry, quick execution, continuous tracking of order status and dynamic
> updating of positions. A reasonable software fee and ticket charge
> would be a plus. Got any suggestions?
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