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

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To: Wayners who wrote (8314)	6/20/2000 5:37:00 PM
From: Dan Duchardt	of 12617

Wayne, In other words he has 90 seconds to decide whether he made money or not off me and if not to time out the trade and if I lost money--all of this is after the fact of course--then fill the trade. Technically, I don't think this is true. If he has an obligation to fill your order, he has to do so. For SOES, he does have 17 seconds after every execution to assess the market and decide if he is going to fill another order or move his price. If this carried over to SNET, then he has that advantage there too, but I'm not sure it does carry over. But being obligated to fill the order, and how long he takes to report the transaction are not the same thing. Thats why people demand immediate confirmation. I don't care as much about the print--just the confirmation. I agree, but you and I don't make the rules. I expect the confirmation and the print are tied together in most cases, and I don't know of anything that obligates the MM to confirm the trade faster than he posts the print. One action by the MM probably does both. But, I'm not the expert. Dan

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