Their rep says that the market makers have to get their
spread. Is this accurate?
No, they lie. The "manning" rules state that, in the case, the MM does not close the trade inhouse, he has to update his own quote, hence, show 6 1/4.
So he either shows 6 1/4 or takes your pieces on his nostro.
This is real shitty. What happens when I try that via Datek?
The order is either SNET out to MMs (if it is a marketable order, only), or put on ISLD, and ISLD, if your bid makes the best bid, is presented along with the MMs on L II.
I think you may ask Fidelity to make good on the trade at 6 1/4.
It appears the time you mentioned was between 15:14:38 and 15:43:21, today, no?
Good Guys Inc, Time/Sales - QCharts c1999 Quote.com 06/14/99 23:11:06
Index Date Time Price Size Exchange BATE Indicator
-11 06/14/99 15:57:07 6 1/4 600 nasd Best ask Downtick
-12 06/14/99 15:57:06 6 3/16 1,000 nasd Trade
-13 06/14/99 15:57:02 6 3/16 2,400 nasd Trade
-14 06/14/99 15:57:00 6 7/32 1,500 nasd Trade
-15 06/14/99 15:55:22 6 7/32 100 nasd Trade
-16 06/14/99 15:54:16 6 7/32 1,500 nasd Best ask Downtick
-17 06/14/99 15:53:30 6 1/4 300 nasd Trade
-18 06/14/99 15:51:17 6 3/16 1,000 nasd Trade
-19 06/14/99 15:51:05 6 3/16 3,400 nasd Cancel
-20 06/14/99 15:50:26 6 3/16 3,400 nasd
-21 06/14/99 15:49:12 6 1/4 1,000 nasd Best ask Downtick
-22 06/14/99 15:48:23 6 3/16 500 nasd Trade
-23 06/14/99 15:47:56 6 3/16 200 nasd Trade
-24 06/14/99 15:43:49 6 1/4 900 nasd Best ask Downtick
-25 06/14/99 15:43:24 6 5/16 300 nasd Trade
-26 06/14/99 15:43:21 6 1/4 1,000 nasd Best ask Downtick
-27 06/14/99 15:41:34 6 1/4 3,000 nasd Trade
-28 06/14/99 15:40:38 6 3/16 100 nasd Trade
-29 06/14/99 15:40:38 6 3/16 900 nasd Best bid Downtick
-30 06/14/99 15:39:02 6 3/16 1,000 nasd Best bid Downtick
-31 06/14/99 15:39:02 6 3/16 500 nasd Trade
-32 06/14/99 15:37:52 6 3/16 1,500 nasd Trade
-33 06/14/99 15:30:09 6 3/16 1,000 nasd Trade
-34 06/14/99 15:29:17 6 5/16 1,500 nasd Best ask Downtick
-35 06/14/99 15:21:07 6 5/16 1,000 nasd Trade
-36 06/14/99 15:20:14 6 3/16 200 nasd Trade
-37 06/14/99 15:15:32 6 5/16 2,000 nasd Trade
-38 06/14/99 15:15:13 6 9/32 5,000 nasd Trade
-39 06/14/99 15:14:38 6 5/16 100 nasd Best ask Downtick
-40 06/14/99 15:14:37 6 1/4 1,700 nasd Trade
-41 06/14/99 15:14:36 6 1/4 1,700 nasd Trade
-42 06/14/99 15:14:15 6 1/4 100 nasd Trade
-43 06/14/99 15:14:13 6 1/4 100 nasd Trade
-44 06/14/99 15:14:10 6 1/4 200 nasd Trade
-45 06/14/99 15:14:00 6 7/32 2,500 nasd Trade
-46 06/14/99 15:13:36 6 3/16 500 nasd Best bid Downtick
-47 06/14/99 15:13:28 6 3/16 800 nasd Trade
-48 06/14/99 15:13:28 6 3/16 800 nasd Trade
-49 06/14/99 15:13:22 6 1/4 1,700 nasd Best ask Downtick
-50 06/14/99 15:13:15 6 7/32 2,500 nasd Trade
|
