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

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To: Dan Duchardt who wrote (8345)7/26/2000 6:33:05 PM
From: Wayners   of 12617
 
There was talk of time stamping orders and first come first serve when the SEC was hot on the trail of a Central Limit Order book. That pursuit has certainly cooled given the objections of the broker dealers who saw the central limit order book as a threat to their payment for order flow /line butting racquet.

On the Supermontage, I'd be pretty damn surprised if its as fast as they say its going to be with fills and confirmations as fast as the ECNs and no opportunities for market makers to see where the ball drops before backing away or filling an order. Can't believe the broker/dealers are in favor of such a system.
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