Does DeCarley have access to the trading floor in open outcry markets?
Yes! If you are an open outcry option trader it is imperative that your broker have a contact on the trading floor to initiate execution of your trade. Floor access not only provides an insider’s perspective as to the “feel” of the market, the efficiency of execution is often superior to that of online trading in open outcry markets. As a client, you would have the ability to request that your order be placed online or on the floor as those placed by hand with a broker (floor) tend to entail slightly higher fees. However, if they can get you a better fill by as little as a tick, you would have likely recouped the cost of their services.
