MBTR vs MBTX
MBTR is an economical route to access all markets. It is designed to access these markets by using cost effective destinations. This might limt access to some liquidity in the market place.
MBTX is a robust smart router that uses every destination available to MB Trading to access several displayed and dark liquidity pools.
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| Financial Instruments | ||
| Equity | 7:30 am to 8:00 pm ET | 7:30 am to 8:00 pm ET |
| Futures | N/A | Sunday 5:06 pm to Friday 5:30 PM ET |
| Options | 9:30 am to 4:00 pm ET | 9:30 am to 4:00 pm ET |
| FX | N/A | Sunday 5:06 pm to Friday 4:58 PM ET |
| Order Types | ||
| Limit | Yes | Yes |
| Market | Yes | Yes |
| Stop Market | Yes | Yes |
| Stop Limit | Yes | Yes |
| TTO - Threshold Triggered Order |
Yes | Yes |
| Trail Stop | Yes | Yes |
| Limit + TTO | Yes | Yes |
| Limit + Stop Market | Yes | Yes |
| Limit + Stop Limit | Yes | Yes |
| Limit + Trail Stop | Yes | Yes |
| Market + TTO | Yes | Yes |
| Market + Trail | Yes | Yes |
| Stop Limit + Trail | Yes | Yes |
| Stop Limit + TTO | Yes | Yes |
| Stop Market + Trail | Yes | Yes |
| Stop Market + TTO | Yes | Yes |
| Reserve + TTO | Yes | No |
| Reserve | Yes | No |
| Discetionary | Yes | No |
| Discetionary Reserve | Yes | No |
| Time in Force | ||
| GTC - Good Till Cancel |
Yes | Yes |
| IOC - Immediate or Cancel |
Yes | Yes |
| Day - Cancels at 4:00 pm ET |
Yes | Yes |
| Accessible Markets | ||
| Equities | ||
| NYSE | Yes | Yes |
| NASDAQ | Yes | Yes |
| AMEX | Yes | Yes |
| NYSE-ARCA | Yes | Yes |
| ORC-BB | Yes | Yes |
| Pink Sheets | Yes | Yes |
| Options | ||
| CBOE | Yes | Yes |
| NASDAQ-Options | Yes | Yes |
| PSX | Yes | Yes |
| AMEX | Yes | Yes |
| ISE | Yes | Yes |
| PHLX | Yes | Yes |
| BOX | Yes | Yes |
| Futures | ||
| CME | Yes | Yes |
| CBOT | Yes | Yes |
| NYMEX | Yes | Yes |
| COMEX | Yes | Yes |
| ICE | Yes | Yes |