Ring another broker. You clearly have no idea how institutional...

  1. 6,043 Posts.
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    Ring another broker.

    You clearly have no idea how institutional dealing desks work in the 21st Century.

    Institutions give brokers hundreds of orders each morning.

    Of those, a maximum of 10% (maybe) are able to be automatically crossed at prices demanded by the institutional dealing sheets.

    So you are saying that the institutional dealers must then ring around with 90% of the trades still incomplete to see if Broker B can fare any better?

    And don't forget, you've got hundreds of institutions - domestic and international - placing orders every single day; sometimes several times a day.

    And you reckon all of those orders can be successfully executed manually?

    That used to happen in the 1970s; it was called the Open Outcry System.

    Sounds like you want to bring back that way of doing things, along with the associated criminal activities such as front-running and abuse of market making information.
 
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