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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (4572)10/2/1999 11:56:00 PM
From: Kimberly Lee  Read Replies (1) of 18137
 
I agree with most of the steps ARCA takes to fill the 5000 shares buy order with the following exception:
<4) Since an additional 1800 shares need to be allocated from the 5000 share order, these remaining shares will be
evenly distributed among the three available market makers at that price (600 additional shares each).>

Since MMs can wait for 30 seconds before rejecting your preference, it's probably best to take the offer at REDI for 400 shares at 80 1/16 before dividing the remaining 400 shares among the three market makers.

If I don't have RediPlus or other faster execution systems and I really want to buy INTC as quickly as possible at this hypothetical juncture, assuming the market is fast, I would use ARCA for 4600 shares with limit of 80 while simultaneously take out the 400 shares at 1/16 at REDI thru SNET preference.

As well, in most cases, I find the RediPlus system considerably faster than Terra Nova's ARCA.
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