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Strategies & Market Trends : Tech Stock Options
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To: Esteban who wrote (34437)1/29/1998 4:53:00 PM
From: Patrick Slevin   of 58727
 
SOES

Really? Seems to make the entire setup totally worthless. (What's the sense in showing size at all then? Not that it means much now.) I thought they just reduced SOES to 500 from 1000 shares a few years ago.

I'm not sure you have that exactly right. It's been a few years since I used a Level II or III. But my guess is that, if it is only 100 shares, it is only 100 shares using SOES.

That is to say, a phone order for example for 1000 when a MM is declaring 1000 should be filled. You never know with these bastards however. I remember more than once hitting a MM to take an offer and he would say "too late" and then the box would change.

I never cared for SOES trading but these guys are crying a bit too loud. 100 shares is ridiculous. Why don't they just go back to trading OTC in a back room somewhere and chuck the computer systems.
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