Table V-20

Average 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
NYSEBSECHXCSEPHLXPSE
Order Size
100161739152224
101 - 200152040172528
201 - 300163941183131
301 - 400163949193232
401 - 500182351213334
501 - 1,000203248264943
1,001 - 5,000224362325854
5,001 or more287331317859
1/4 Spread
NYSEBSECHXCSEPHLXPSE
Order Size
100223763214037
101 - 200232349267148
201 - 300215955166649
301 - 40022628285949
401 - 500246560295354
501 - 1,000244457356050
1,001 - 5,000277366227563
5,001 or more2512--7213450
For orders executed in more than one piece, the time of the last trade was used.

Last modified: 1/24/2001