I'll admit I haven't looked at every broker, but every exchange that I know of, you have to opt in for orders to not go to the other exchanges.
This frequently is a feature for both sides of the equation due to lower fees, better execution rules, rebates, priority, etc.
I certainly know that I would never opt in to a platform that consistently provided worse execution (especially in the equities space where there are so many choices).
Comments
I'll admit I haven't looked at every broker, but every exchange that I know of, you have to opt in for orders to not go to the other exchanges.
This frequently is a feature for both sides of the equation due to lower fees, better execution rules, rebates, priority, etc.
I certainly know that I would never opt in to a platform that consistently provided worse execution (especially in the equities space where there are so many choices).