Interview with Paul Jiganti of TDAmeritrade about Order Flow

Posted on March 4, 2013 by


We dig into the deep details of how an order makes its way from your computer to the exchange and back. Most orders are filled before they reach the exchange, and usually at a better price.

In the first segment Paul and I talk about how the order is initiated on the client’s computer, and how it initially begins its trip to the market.

In the second segment we learn about “dark pools” and how many orders are satisfied before they reach the exchange.

In the final segment we learn about what went wrong with the Facebook IPO and that crazy day with Knight Capital.

Thanks to Andrew Quitmeyer for the fantastic camera work.