Market and Marketable Limit
Order Price Improvement Dollars
Average dollars of price improvement per 1,000 shares for market and marketable limit orders between 100 and 1,999 shares.
As a large and sophisticated order sender, we have the advantage of experience, and we put that knowledge to work for you. Our routing intelligence is combined with the speed of our proprietary routing technology. It dynamically sends orders to different market centers that seek to fill your order quickly and at the best available price.
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Market and Marketable Limit Average dollars of price improvement per 1,000 shares for market and marketable limit orders between 100 and 1,999 shares. |
Working to get you the quoted price or better
One goal behind seeking best execution is to get you the best price on your trade. When routing your order, we seek execution of your order at a price better than the National Best Bid or Offer (NBBO). That means executing your order below the best offer for buys or above the best bid for sells.
Taking action for you
If your order executes at a price outside the NBBO and isn't justified, we may take action and request a price adjustment from the market center. Some prices outside the NBBO are justified due to market volatility or trade volume. That's why we consistently monitor trades to identify those executed outside the NBBO and look for opportunities to improve the price you receive.
Routing your orders aggressively
Where your order is executed can impact the price you pay for a stock because your broker generally has a choice in where to route your order. We pursue the highest quality order execution with the various market centers. And because TD AMERITRADE is one of the largest order routers in the industry, we’re able to analyze thousands of market orders and put our knowledge to work for you every time you place a trade.