Advanced Micro Devices Inc (AMD)

[HailMary]

I use ETrade, and the answer is a resounding no. There have been many times where I was very frustrated that a trade did not go through even though I could see a matching bid on one of the exchanges. If I could have hand picked the exchange to put the order on, it would have gone through. I'm not sure what exchanges ETrade uses. Next time I make an option trade, I'll pay attention to what exchange it is on, and I'll see if future trades also use the same exchange. If this continues, I may shop for a new broker. It may, however, just be a matter of whether or not the trade is broker assisted (i.e. phone call + more commissions), but that sort of defeats the purpose as it takes time to get through to a broker by phone, and then you pay more, by which time the bid/ask may be gone. ETrade may indeed have access to all option exchanges, but I'm beginning to think they always route electronic orders to the same exchange, so I'm missing out on other better bids/asks all the time. Probably costs me about $.05x100 per option contract for many of the trades I make. I usually deal in 10s to 100s of contracts, so this is not chump change (hundreds of dollars). If anyone knows of a broker that allows selecting the option exchange manually without having to call the broker, please let me know.

HailMary