Table V-20Average Time from Order Entry to Execution for At-the-Quote Limit Orders Entered on Each Exchange Table V-20: Average Time from Order Entry to Execution for | At-the-Quote Limit Orders Entered on Each Exchange | | | | | | | | | | | | | | | | | | | | | In Minutes | | | | 1/8 Spread | | | | | | | | | | NYSE | BSE | CHX | CSE | PHLX | PSE | Order Size | | | | | | | | 100 | | 16 | 17 | 39 | 15 | 22 | 24 | 101 - 200 | | 15 | 20 | 40 | 17 | 25 | 28 | 201 - 300 | | 16 | 39 | 41 | 18 | 31 | 31 | 301 - 400 | | 16 | 39 | 49 | 19 | 32 | 32 | 401 - 500 | | 18 | 23 | 51 | 21 | 33 | 34 | 501 - 1,000 | | 20 | 32 | 48 | 26 | 49 | 43 | 1,001 - 5,000 | | 22 | 43 | 62 | 32 | 58 | 54 | 5,001 or more | | 28 | 73 | 31 | 31 | 78 | 59 | | | | | | | | | | | | | | | | | 1/4 Spread | | | | | | | | | | NYSE | BSE | CHX | CSE | PHLX | PSE | Order Size | | | | | | | | 100 | | 22 | 37 | 63 | 21 | 40 | 37 | 101 - 200 | | 23 | 23 | 49 | 26 | 71 | 48 | 201 - 300 | | 21 | 59 | 55 | 16 | 66 | 49 | 301 - 400 | | 22 | 62 | 82 | 8 | 59 | 49 | 401 - 500 | | 24 | 65 | 60 | 29 | 53 | 54 | 501 - 1,000 | | 24 | 44 | 57 | 35 | 60 | 50 | 1,001 - 5,000 | | 27 | 73 | 66 | 22 | 75 | 63 | 5,001 or more | | 25 | 12 | -- | 72 | 134 | 50 | | | | | | | | | For orders executed in more than one piece, the time of the last trade was used. | | | | | | | |
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