Nio Execution Venue

Hi Everyone,

I have got a question. When you buy Nio stock in T212, your share execution venue is OTC ( over the counter) and not NYSE? This information you see in your contract summary. However NIO is listed on NYSE. Any particular reason? Please shed some light.

OTC in this case just means that particular trade was done off book. If they can get the same best ask/bid or better then it’ll go through offbook or if you place a value/fractional order.

Otherwise it’ll be filled TOTV.

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Does it makes any difference if trade is filled by OTC or TOTV when it comes to sell the share ?Thank you for your kind reply! :blush:

No difference at all, you’ll always get the same as TOTV or better.

:+1::heart_eyes: Thank you for the useful information!

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