BATS/Chi-X Europe Smart Order routing
"It is explained on their website.  Just look for the word ""routing"" on the Features page: Choose Your Venues Liquidity Pools Group 1: Bats Europe Group 2: Liquidity Partner (LP) Add this group to access dark pool liquidity. Group 3: Exchanges and MTFs Choose to access additional Exchanges and MTFs across Europe."
Another factor that makes Buy to let more expensive is the risk involved. With a buy to let you are dependent on finding a tenant that will keep regular payments. if the property is left empty you need to finance the mortgage yourself putting you under financial strain and raising risk. Also as Chis mentioned they are regarded as a business enterprise, If the mortgage was to be taken by a business that would be very high risk for a bank as the business could dissolve leaving the bank out of pocket. Because of this it can be very difficult to get a buy to let through a business unless you are moving from a personal portfolio. For a regular mortgage these risks don't exist so this is reflected in lower interest repayments. It's because of these differences in risk that banks created buy to let so they can better manage those risks. There is no difference they are both insufficient in 1 form or another.Bad slang for any check the bank won't cash, for any reason, Ie. insf. unreadable amount, acct or routing number, the acct.has been closed, or you didn't write the check(fraud). Bounced is slang for bank returned check unpaid.I wrote a bad check but it didn't bounce.The check is still insufficient but the bank didn't return it.  $500.00 is the felony threshold in okla. less than $500.00 is a misdemeanor. but insf. fees ranging from ($25.00 to $50.00 vendor returned check fee + amount of check) x (bank insf fees of $25 to $50)is an effective deterent. "Trading on specific ECNs is the easy part - you simply specify the order routing in advance.  You are not buying or selling the *exact* same shares.  Shares are fungible - so if I simultaneously buy one share and sell another share, my net share position is zero - even if those trades don't settle until T+3.  PS ""The Nasdaq"" isn't really an exchange in the way that the CME, or other order-driven markets are.  It's really just a venue to bring market makers together.  It's almost like ""the internet,"" as in, when you buy something from Amazon, you're not buying it from ""the internet,"" but it was the internet that made your transaction with Amazon possible." You can get direct market access (DMA) but you have to pay for data, as this is part of the exchanges data plan, and there are plenty of other fees that are passed straight down to you. Your clearing firm also has fees that are passed on to you. In general you are looking at $150 a month on the low side, in data and software fees. If you wanted pure access, NASDAQ alone charges $6,000 a month last I checked. The different routes data routes to the exchange all have different rules, and they give you rebates for some kinds of orders in some conditions.  Brokers nowadays usually assume this responsibility (including collecting the rebates lol), at the very least, and charge an average price for routing your orders, a price that fits into their business plan and their target audience. Hope that helps. Het beste kunt u oven gedroogd haardhout gebruiken voor uw kachel. Ovengedroogd brandhout heeft namelijk standaard een erg laag vochtigheidspercentage, waardoor het gegarandeerd goed en lang brand. Daarnaast geeft het dus minder vuil en rook af,waardoor uw schoorsteen langer mee gaat. Wat verder ook wel zo fijn is, is dat eventueel ongedierte en schimmels in het hout het drogen in de oven uiteraard niet overleefd. Dit is natuurlijk vooral van belang bij houtetende insecten. "Is there ever any ambiguity on what that that exact strike is in delta space, or does everyone back it out from the pricing model the same way?  I ask, because in my product nearly everyone runs a heavier delta to the put (the severity of that varies). So on trades that are ""tied up"", everyone participating on it can have slightly different deltas that they are modeling" "This is just trade warfare.   China is rejecting loads based on the presence of the ""Vipterra"" corn trait which is just another BT variant from Syngenta.   China has only rejected loads from America based on the presence of Vipterra despite every single load coming from Brazil and Argentina having this trait present. Vipterra is grown a ton in South America due to the very high insect pressure." I don't believe you would be able to with only Net Sales and COGS.  Are you talking about trying to estimate them?  Because then I could probably come up with an idea based on industry averages, etc.  I think you would need to know the average days outstanding, inventory turnover and the terms they're getting from their vendors to calculate actuals.  There may be other ways to solve the problem you're asking but thats my thoughts on it.