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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Robert Graham who wrote (4009)5/6/1998 8:33:00 PM
From: steve goldman   of 12617
 
The order might be something like:
:sell 2000 abcd 10 1/4 with 3/8 discretion not held.

the 3/8 discretions let me, working as agency only, go down to 9 7/8, not an improvement. The discretion is not to the clients benefit but discuretion to go below the limit.

The **Not held component is the component that gave me the room to try to get better with the client agreement to 'not hold' the broker responsible if in going for better, misses it.

Regards
Steve@yamner.com
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