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Technology Stocks : Analytical Surveys (ANLT) computer maps
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To: TLWatson59 who wrote (1037)7/21/1999 10:24:00 PM
From: Michael T Currie  Read Replies (2) of 1157
 
> Now that I have confused your further, what is that you don't understand about how you cannot place an order in between a Bid and Ask price OTC and hope to get an execution unless some other broker/MM comes in to fill the void.

TLWatson,

I think you missed the basic point. Jody placed her limit order to sell 1/16 below the posted bid, hence the confusion. She (?) was not trying to split the spread. Great explanation of the differences between participatory and auction markets, though. Jody, I forgot to ask: were you looking at real time or delayed quotes when you placed your order?

Mike
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