Sterling
Financial Systems Inc.
225 West Washington Street, Suite 1014
Chicago, Illinois 60606
(312) 346-9600
INET
– Additional Routing Features
September
12, 2006
Users of the
Sterling system will now be able to use additional routing
strategy instructions supported by INET. This feature
is available to users of both Sterling Trader® Pro
and Sterling Trader® Manager platforms. In order
to direct an order to INET, Sterling users need to indicate
in the order entry window (Level I or Level II) the
following selections: 1) ‘INET in the destination
field, and 2) an optional value in the Preference field
to indicate routing type as supported by INET. Please
refer to table below that shows existing INET route
types. Note that newest route types are highlighted.
| Route
Description |
Preference Field Value |
| INET
book only |
<blank> |
| Sweep
INET Book and then post to DOT |
DOTI |
| Sweep
INET Book and Street and then post to NYSE |
DOTA |
| Sweep
INET Book at price before routing out and then post
to INET |
STGY |
| Sweep
INET Book at price then post to INET. Once in INET
it will not route again. |
SCAN |
| Sweep
INET Book and Street then post to INET Book then
route via DOT |
DOTP |
| Sweep
INET Book and Street then post to INET Book then
route via DOT when marketable |
DOTM |
| Sweep
INET, BRUT, and NASDAQ and then post to NYSE |
DOTN |
| Sweep
INET Book at price before routing out |
SPDY |
IMPORTANT NOTE:
All limit orders routed to NYSE using routing strategies:
DOTA, DOTP, DOTN, or DOTM (not AMEX) that stay on the
specialist book will now be automatically cancel-replaced
to avoid billable charges. This feature is internally
supported by INET order engine, not the Sterling system.
For further information about the INET services and
order routing types, please go to the following link.
http://www.nasdaqtrader.com/trader/tradingservices/productservices/productdescriptions/inet/rash_strategy.pdf
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