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Thanks“ The likelihood of an order being submitted

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jeunke22   Monday, 10/21/19 02:43:52 PM
Re: wagner post# 54087
Post # of 55593 
Thanks

“ The likelihood of an order being submitted anonymously is higher when spreads are wide because higher uncertainty increases informed traders’ informational advantage.....
... find that, ceteris paribus, anonymous orders are more likely to be large ones, tend to be relatively informed, and are more aggressively priced for specialist and options market maker brokers but less aggressively priced for agency and dual capacity (agency and proprietary) brokers. “

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