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Technology Stocks : Ascend Communications (ASND)
ASND 203.85-3.4%2:06 PM EST

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To: Glenn D. Rudolph who wrote (42015)4/2/1998 8:56:00 PM
From: Quaddad  Read Replies (3) of 61433
 
I believe the rules changed last spring and limit orders are
visible to the market makers.


Glenn,

You are correct about the new nasdaq rules and limit order visibility. On a stop limit order, you enter your stop activation price. When the stop is activated, the order is entered into the system as a limit order. At which point it would be visible the the market.

Q
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