| Аббревиатура ECN | Заметка/описание |
| ABTR | ABTR will get your order filled in various dark pools. |
| AGN | Dark pool aggregator - neutral. |
| AGP | Dark pool aggregator - passive. |
| AGR | Dark pool aggregator - aggressive. |
| AGRESSOR | If you need to get your order done as fast as possible, AGRESSOR is your best choice. |
| ALLIN | Direct order that sweeps across lit and dark venues. |
| ANGL | Low cost dark liquidity seeker. |
| ANGLFILL | Provides perfect fills via numerous CLCs and LPs. Any leftover shares are posted hidden to EDGX. |
| ARCA | A limit order to buy or sell that is to be executed in whole or in part on NYSE Arca. The portion not executed is posted in the book or routed to another market center. |
| ARCA= | A limit order to buy or sell that is to be executed in whole or in part on NYSE Arca. The portion not executed is posted in the Book without routing any portion of the order to another market center. PNP orders that lock or cross the market will be rejected. |
| ARCAALO | The ALO order is a limit order that is posted to the NYSE Arca book in order to add liquidity. The Order assists traders in controlling their costs. Once accepted and placed in the NYSE Arca book, ALO orders will not route to away market centers. The ALO order shall be Day Only, and may not be designated as Good Till Cancel (GTC). ALO orders will be rejected when interacting with Passive Liquidity (PL) Orders. Aggressively priced ALO PNP Blind orders, that are moving (or changing price) due to an NBBO update, may result in receiving “liquidity removing.” |
| ARCALOC | Limit on close to ARCA. If you are sending a limit on open/close, please pick appropriate destination, indicate your limit price in the price box, set time in force as DAY. |
| ARCALOO | Limit on open to ARCA. If you are sending a limit on open/close, please pick appropriate destination, indicate your limit price in the price box, set time in force as DAY. |
| ARCAMOC | Market on close to ARCA. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| ARCAMOO | Market on open to ARCA. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| ARCAMPL | The MPL order is an undisplayed limit order that is priced at the midpoint of the Protected Best Bid and Offer (PBBO). MPL orders will generally interact with all order types including contra MPLs excluding: cross or directed orders. MPL orders will be entered as a limit order but are executable only at the midpoint of the NBBO. MPLs will not execute if the market is locked/crossed. MPLs have a minimum entry and execution size of 100 shares. |
| ARCAMPLA | The MPL order is an undisplayed limit order that is priced at the midpoint of the Protected Best Bid and Offer (PBBO). MPL orders will generally interact with all order types including contra MPLs excluding: cross or directed orders. MPL orders will be entered as a limit order but are executable only at the midpoint of the NBBO. MPLs will not execute if the market is locked/crossed. MPLs have a minimum entry and execution size of 100 shares. Add only. |
| ARCAPNPB | The PNP B order is an undisplayed limit order priced at or through the Protected Best Bid and Offer (PBBO), with a tradable price set at the contra side of the PBBO. When the PBBO moves away from the price of the PNP B and the prices continue to overlap, the limit price of the PNP B will remain undisplayed and its tradable price will be adjusted to the contra side of the PBBO. When the PBBO moves away from the price of the PNP B and the prices no longer overlap, the PNP B shall convert to a displayed PNP limit order. |
| ARCAPOP | Arca post only. |
| ARCAPSO | A market or limit order that sweeps the NYSE Arca Book and routes any remaining balance to the primary listing market. All orders with a PSO designation should be marketable. Non-marketable orders will function as regular limit orders. |
| ARDOX | EDGA Book -> DOT |
| ARM | Low cost liquidity, scrapes certain light and dark pools. |
| AROBA | EDGA + IOC BATS |
| AROBX | EDGA -> NASDAQ BX |
| AROLF | EDGA + LAVAFLOW |
| AROPA | Book -> IOC ARCA |
| AROUC | Book+CPI+CLC+Nasdaq BX + DOT+Posted to EDGX |
| AROUD | EDGA + Select CLCs |
| AROUE | Book + ELPs + Posted to the street |
| AROUZ | Book -> Low Cost CLCs |
| ASRDOT | Super Agressive Cross: EDGA Book -> ELPs -> DOT |
| ASROUT | Super Agressive Cross: EDGA Book -> ELPs -> Street |
| ASROUX | Super Aggressive EDGA + Street |
| ASURDOX | Super aggressive uncrossed RDOX |
| ASUROUT | Super aggressive uncrossed ROUT |
| ASUROUX | Super aggressive uncrossed ROUX |
| ASUROUZ | Super aggressive uncrossed ROUZ |
| ATCALL | Sweeps various ATS + dark pools. |
| ATMID | Will search various liquidity providers for mid point executions. |
| AXFINDER | Seeks liquidity up to your limit while scanning and scraping 40+ dark venues and IOI destinations. |
| BANDIT | Seeks liquidity across various dark pools. Steals liquidity from the providers. |
| BATS | Access liquidity at all market centers by sending order flow to BZX Exchange or BYX Exchange with the default, or ALL, routing strategy. This order makes use of routing strategies available within the BATS Smart Order Router. |
| BATS2 | Splits a routable order and sends it to multiple market centers and multiple price levels simultaneously. |
| BATS2D | Splits a routable order and sends it to multiple market centers and multiple price levels simultaneously. |
| BATSALIQ | Bats Add Liquidity Only |
| BATSB2B | B2B allows Members to route to both BATS Exchanges’ order books at-cost of the target platform. Orders will first check the originating order book (BZX Exchange or BYX Exchange), and optionally the BATS’ DRT strategy, before routing to the BATS sister exchange at-cost. |
| BATSDART | BATS+ DRT first access the BATS order book, then remaining shares route to participating Dark Liquidity Partners (DLPs), offering potential price improvement and lower access fees. |
| BATSDS | BATS -> Dark Sweep |
| BATSMPL | Mid point order for BATS. |
| BATSMPLA | Mid point order for BATS. Add only. |
| BATSONLY | Access only BATS liquidity by sending the order to BZX Exchange or BYX Exchange with the BATS ONLY routing strategy. By default this order isn’t routed to away markets. |
| BATST | Splits a routable order and sends it to multiple market centers executing against only the protected (top) quotes. |
| BATSWEEP | Access BATS and various market centers’ liquidity by sending the order to BATS with BATS+ routing strategy. The order first removes liquidity on BATS. Any remainder will be sent to the corresponding market center as an IOC. |
| BYX | BATS Y Exchange |
| BYXMPL | BATS Y - mid point. |
| BYXONLY | BATS Y - No routing. |
| CBSX | CBOE - no routing |
| CBSXONLY | CBOE - no routing |
| CHEAP | Smart router which accessess many liquidity sources. |
| CITASMRT | Citadel Smart route that seeks liquidity in the dark. Optimized tradeoff between market impact and execution risk, avoids pushing price against you to avoid missed opportunity. Possibility of price improvement. |
| CSMMA | Aggressive. Use it when you are ready to buy at the offer or sell at the bid. |
| CSMMM | Midpoint. Access a completely different set of liquidity than SMARTMID. |
| CSMMN | Neutral. Use it the same way you use other midpoint routes. |
| CSMMP | Passive. Use it when you want to buy or sell but do not want to pay the spread. |
| DAGR | NITE smart router, seeks liquidity in the dark; DAGR stands for Dark Aggressive. It is a dark pool aggregator accessing multiple destinations for a single cost. It is best when used to take offers or hit bid, but you can also try to rest passively on it and get a fill. |
| DALM | Dark only route. Should be used for getting in and out of position without impacting the market. Very cost effective when removing liquidity. |
| DARKTUF | Seeks liquidity in various large dark pools. |
| DARKVP | Smart route seeks liquidity in the dark |
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| DARKVPS | Smart route seeks liquidity in the dark. |
| DBSTEALTH | Deutsche Bank smart router. |
| DEUSUPX1 | Deutsche Bank dark pool - Aggressive, crosses the spread. |
| DEUSUPX2 | Deutsche Bank dark pool - Passive, will not cross the spread. |
| DEUSUPX3 | Deutsche Bank dark pool - Neutral, will go up to a mid only. |
| DIABLO | Smart order router, sweeps all displayed and hidden markets to maximize your liquidity sweep. |
| DPASS | Stands for Dark Passive and is a route that seeks to post in dark pools and ECN's that statistically give you the best chance to get a fill. The algorithm is monitoring previous trades in all destinations and spread your order accordingly. |
| DUAL | Custom dark venue that will match your order with suitable liquidity provider. |
| DUALMID | The filling power of DUAL, but with MID precision. |
| EDGA | EDGA Book only, non-routable. |
| EDGAMPL | Direct Edge A - Mid point order. |
| EDGAS | EDGA short order. |
| EDGX | EDGX Book only, non routable. |
| EDGXMPL | Mid point order for EDGX. |
| EDGXMPLA | Mid point order for EDGX. Add only. |
| EDGXMPM | MidPoint Match (MPM) is an exchange-based, fully automated, instantaneous and anonymous platform for trading equity securities at the midpoint price between the National Best Bid and Offer (NBBO). |
| EDGXPHNS | EDGX, hide not slide. |
| EDGXPO | EDGX Post only |
| EDGXS | EDGX short order |
| EVENLOOP | Will sweep across different CLCs and LPs twice selecting suitable liquidity provider first. |
| FILLER | Dark pool aggregator. |
| GEILI | Will scrape various CLCs and liquidity providers in order to maximize the efficiency of the fill rate. |
| GETDONE | Provides excellent fills across various CLCs and LPs. |
| GUERRILLA | Dark order for LARGE blocks. Semi-Aggressive Algo hitting only while remaining passive at your limit and waiting patient at your limit. |
| HIT10 | Gives cheap fills only if cheap liquidity is available. |
| HOT | Interacts with lit and dark markets in order to get your order filled efficiently. |
| ICOB | Aggressivly seeks hidden and visible liquidity on dark and lit destinations; ICOB is an opportunistic algorithm that utilizes over 30 Dark Pools. It constantly is interacting with liquidity in dark pools in between the spread while using a unique logic to decide when to lift Offers and hit Bids based on quote size, price movement and liquidity. It is designed to trade as much as possible without moving the spread. |
| IDARK | DARK only router; IDARK is a high-speed low-latency dark pool, that gives clients the ability to anonymously execute in between the spread and minimize market impact. Depending on street volume IDARK executes between 50-80 million shares a day. |
| IHAWK | DARK router for sensitive flow; IHAWK is a Dark Pool aggregation algorithm. It is a passive strategy designed to soak up as much liquidity as possible in between the spread. Since IHAWK is a passive strategy, it will Never cross the spread. |
| ITGDP | ITG Dark pool, midpoint. |
| ITGSOR | ITG smart router seeks all cheaper liquidity. |
| JPMFILL | Passive in the dark, will try to bite visible liquidity and stay at the top of the book to not lose your spot. |
| JPMSMART | DARK ONLY - no touch. |
| KNFA | Nite aggressive dark pool router; Custom Market maker liquidity. |
| KNFI | Same functionality as KNFM, but unfilled shares are posted neutrally. |
| KNFM | Will go to work on your order seeking fills in various dark pools. If your order is not fully filled, the leftover will be passively posted to dark. |
| KNFX | Same functionality as KNFM, but unfilled shares are posted aggressively. |
| LAVA | Lava ECN. |
| LEVELMP | Mid-point for LEVEL |
| MASSPASS | Passively fills your orders with good fill ratio. |
| MEAN | Low cost liquidity, scrapes certain light and dark pools. |
| MERCAGG | Citadel aggressive dark pool router, whos alpha driven trading tactic intelligently souces liquidity, while providing a possibility of price improvement. |
| MERCDARK | Citadel dark pool aggregator with neutral aggression level. Possibility of price improvement. |
| MERCPASS | Citadel smart router with neutral aggression level. Intelligently sources liquidity from all available dark only liquidity providers. Possibility of price improvement. |
| MIDBLAST | Mid point order that will seek mid-point execution in dark pools only. |
| MIDVPS | Seeks liquidity in various dark pools before posting to ARCAMPL. |
| MLNM | Millenium Dark pool, will accept any order the exchanges do. Just all in the dark, nothing displayed. |
| MMM | Searches available market centers in order to impove fills. |
| MNGG | Proprietary route, intended for using to get rid of large blocks of shares. |
| MSNV | Proprietary execution algorithm that will maximize fills and reduce market impact. |
| MSOWL | Proprietary execution algorithm that will maximize fills and reduce market impact. |
| MSSRTDMAPP | Proprietary execution algorithm that will maximize fills and reduce market impact. |
| NANDO | Will scrape various CLCs and liquidity providers in order to maximize the efficiency of the fill rate. |
| NITECOVERT | Covert strategy - passive order type seeking liquidity at your limit. |
| NITEFAN | FAN strategy - Find and Nail aggressive darkpool order type from NITE. |
| NQBXMPL | Mid point order for NQBX. |
| NQBXMPLA | Mid point order for NQBX. Add only. |
| NQBXONLY | Nasdaq BX - Book only, no routing. |
| NQPX | Nasdaq Philly Exchange |
| NQPXMPL | Mid point order for NQPX. |
| NQPXMPLA | Mid point order for NQPX. Add only. |
| NQPXONLY | Nasdaq PSX - no routing. |
| NSDQ | NASDAQ PostNoPreference (stay in Book only). |
| NSDQADOT | After 9:30 a.m., ET, DOTA behaves as SCAN. Prior to 9:30 a.m., NYSE- and NYSE MKT listed security orders will be sent to the primary for the open. |
| NSDQBX | Nasdaq Single Book - BX. |
| NSDQDDOT | Routes directly to the NYSE or AMEX without checking the NASDAQ book. |
| NSDQIDOT | Attempts to execute against orders in NSDQ book at a price equal to or better than the NBBO. If unfilled, it will then route to BX where it will also attempt to execute at NBBO or better. If unfilled, will route to NYSE or AMEX. |
| NSDQIO | Provides liquidity intended to offset on-open orders during the Opening Cross. Must be priced (limit); no market imbalance-only orders. Imbalance-only buy/sell orders only execute at or above/below the 9:30 a.m., ET, offer/bid. Accepted beginning at 7:00 a.m., ET, each day. |
| NSDQMDOT | After 9:30 a.m., ET, DOTM behaves as STGY. Prior to 9:30 a.m., NYSE- and NYSE MKT listed security orders will be sent to the primary for the open. |
| NSDQMOC | Market on close to NSDQ. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| NSDQMOO | Market on open to NSDQ. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| NSDQMOPP | Routes to all protected quotes for display size only. Depending on the time-in-force on the order, the remaining shares will be posted to the NASDAQ book or be cancelled back to the entering party. Once an order posts to NASDAQ, it is no longer eligible for routing. Customers can use MOPP to post on the NASDAQ book and sweep all protected quotes, and then print to the FINRA/NASDAQ Trade Reporting FacilityTM (TRFTM). |
| NSDQMPL | Mid point order for NSDQ. |
| NSDQMPLA | Mid point order for NSDQ. Add only. |
| NSDQSCAN | First attempts to execute against orders available on the NASDAQ book at a price equal to or better than the NBBO. If shares remain unexecuted after routing they are posted on the NASDAQ book. Once the order is posted to the NASDAQ book, if it is subsequently locked or crossed, the system will not route out again. |
| NSDQSMART | NSDQ smart order. |
| NSDQSTGY | Behaves similar to SCAN, except that the order will route out again after posting to the NASDAQ book if the order is subsequently locked or crossed. |
| NSDQTFTY | Thrifty (TFTY) accesses NASDAQ OMX BXSM (BXSM), low-priced liquidity venues, NASDAQ OMX PSXSM (PSXSM) and the New York Stock Exchange (NYSE). All securities are eligible, however Tape B and Tape C securities will not route to the NYSE. All orders using the TFTY strategy must have a limit price and must be entered between 9:30 a.m. and 4:00 p.m., ET. |
| NSE | National stock exchange |
| NSEONLY | A Market “NSX Only” Order is entered to access or execute against the opposite side of the NSX market at the best price available, within the NBBO, immediately. This order will NOT route out. |
| NYSE | New York Stock Exchange. |
| NYSEFB | NYSE floor brokers. |
| NYSELOC | Limit on close to NYSE. If you are sending a limit on open/close, please pick appropriate destination, indicate your limit price in the price box, set time in force as DAY. |
| NYSELOO | Limit on open to NYSE. If you are sending a limit on open/close, please pick appropriate destination, indicate your limit price in the price box, set time in force as DAY. |
| NYSEMOC | Market on close to NYSE. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| NYSEMOO | Market on open to NYSE. If you are sending a market on open/close, please pick appropriate destination, set price to MKT, set time in force as DAY. |
| ODDLOOP | Will sweep across different CLCs and LPs twice. |
| OESDARK | OES proprietary dark pool aggregator. Provides good fills and a possibility of price improvement. |
| PLOT | FREE route, good for aggressive orders in thick symbols. |
| PLOTMID | Free route good for thick symbols for mid-point execution. |
| PNCHA | Seeks liquidity using ARCA order types. |
| PNCHBX | Seeks liquidity using NQBX order types. |
| PNCHBY | Seeks liquidity using BATSY order types. |
| PNCHBZ | Seeks liquidity using BATS order types. |
| PNCHEA | Seeks liquidity using EDGA order types. |
| PNCHEX | Seeks liquidity using EDGX order types. |
| PNCHNQ | Seeks liquidity using NSDQ order types. |
| PNCHNY | Seeks liquidity using NYSE order types. |
| PNCHPSX | Seeks liquidity using NQPX order types. |
| PNCHSUPER | Blast order that will seek liquidity across multiple dark and lit markets up to your limit. |
| PTGSPLIT | Special venue, which will split up your order and send it directly to the main exchanges (ARCA, EDGX, NSDQ) at your specified price. |
| PXFINDER | Same as Crossfinder, but passive. Seeks liquidity across multiple dark pools. |
| RDOT | EDGX Book + CLC + NYSE |
| RDOX | Book + NYSE |
| ROBA | EDGX -> IOC BATS |
| ROBX | EDGX -> IOC BX |
| ROPA | EDGX > IOC ARCA |
| ROUC | EDGX > CLC > Low Cost Venues > Street > Post to EDGX |
| ROUD | EDGX > Non-displayed, non IOI destinations. |
| ROUE | EDGX > CLCs > Street |
| ROUZ | EDGX > CLCs |
| SLAM | Custom order type that will sweep across hit and lit markets in order to get best fills. |
| SMARTDARK | DARK pool smart router, cheaper liquidity. |
| SMARTEDGE | Aggressive dark pool liquidity finder. |
| SMARTMID | Allows you to access the liquidity available at midpoint of the NBBO. If you are not in a hurry to get into a stock and the stock is not moving violently, it might be smart to send an order on SMARTMID as you might be able to save half the spread. SMARTMID works similar to XFINDER and ARCAMPL. |
| SMARTTAKE | DARK pool smart router, 8 flags. |
| SMARTVPS | Seeks liquidity in various dark pools before posting to EDGA as nonroutable. |
| SRDOT | Super aggressive EDGX > CLCs > NYSE (DOT). |
| SRDOX | Sper aggressive EDGX > NYSE (DOT). |
| SROUT | Super Agressive Cross: EDGX Book -> ELPs -> Street. |
| SROUX | Super aggressive order, EDGX > Street. |
| SROUZ | EDGX Book + CLC |
| STEALTH2 | Dark algo which accesses all top dark pools and will get to ms/Goldman, Nite, Csfb, Ubs and other top dark pools. |
| STRIKE | ALGO for fast fills. Aggressive algo hitting only while remaining hidden at your limit. |
| SURDOX | Super aggressive uncrossed RDOX. |
| SUROUT | Super Agressive Uncross: EDGX Book -> ELPs -> Street. |
| SUROUX | Super Agressive Uncross: Book -> EDGX -> Street. |
| SWARM | Seeks liquidity in dark pools as well as hidden orders in lit venues. |
| TASER | Will get liquidity from various dark CLCs. |
| XALL | A smart order router (SOR) that accesses both dark and lit destinations. |
| XCHASE | Aggressive order type that chases dark liquidity. |
| XDARK | A route that accesses dark liquidity only. |
| XFINDER | (Credit-Suisse) Seeks liquidity up to your limit while scanning and scraping 40+ dark venues and IOI destinations. |
| XMID | A midpoint route that accesses numerous dark pools at the midpoint of the NBBO. |
| XPASS | Passive order type that seeks liquidity in the dark. |
| XPOST | A route designed specifically to add liquidity on an exchange. |
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