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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Eric P who wrote (2176)7/29/1999 9:44:00 PM
From: Threei  Read Replies (1) of 18137
 

He probably figured that after I spent a full (~$20-25) commission for a 10 share fill, that I would just go ahead and pay the spread and hit his bid on the remaining 990 shares.

Interesting, never occurred to me... thanks, one more trick in collection :)

What we need is one huge SOESable ECN, where all orders are 'real' and the first matching order received will get the fill and the quote size immediately updates to the new remaining size.

New NASDAQ rules proposed sure look like move in this direction:

nasdaqtrader.com

sec.gov
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