I have accounts in a couple brokerages. I trade stocks just fine, however I miss any good understanding of some fundamentals, and how things work under the hood. I'm confused about stocks being traded in multiple exchanges.
As an example, take FB ticker. Based on my understanding FB is traded at least on those exchanges (please, correct me if I'm wrong in that statement!):
- Nasdaq
- IEX: https://iextrading.com/trading/eligible-symbols/
- EDGX: https://markets.cboe.com/us/equities/market_statistics/symbols_traded/?mkt=edgx
- BZX (link), BYX (link), and EDGA (link)
now, when I buy/sell FB in my interactivebrokers account, I can see two options for FB:
- FB NASDAQ.NMS
- FB MEXI
So, my question is "Can I trade FB specifically in IEX using my account?" Does NASDAQ.NMS mean NASDAQ, or the query to buy FB could be eventually executed by some other exchange, not necessarily NASDAQ