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Intermarket sweep order

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This is an old revision of this page, as edited by Rajah (talk | contribs) at 22:29, 12 May 2010 (+link to May 6, 2010 Flash Crash). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Intermarket sweep orders are limit orders that require they be executed in one specific market center even if another market center is publishing a better quote.[1] That is, they disobey the order-protection rule. They are typically used by institutional algorithmic investors and not by individual investors.[2] Intermarket sweep orders may have played a role in the May 6, 2010 Flash Crash.


References

  1. ^ NYSE glossary Intermarket Sweep Order
  2. ^ A Sweeping Ball of (Trading) Confusion


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