Tuesday, March 23, 2010 4:28:36 PM
TDA (with their newish SMART routing system) no longer automatically uses NITE to route orders unless ETMM is not available so most retail orders will be routed through ETMM. It's possible Scottrade still uses them but I'm not sure how many shareholders currently use that broker.
All this is my opinion from watching L2 where it's obvious MMs are playing games.
GLTY!
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