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To: RockyBalboa who wrote (4968)	12/19/1999 1:42:00 AM
From: E. Davies	Read Replies (1) of 17977

Execute a trade (over ISLD) and watch simultaneously ISLD and Nasd tape updating This I can see clearly. The "official" Nasdaq is several seconds behind. It "feels" like ISLD traders are driving the market by leading the price direction. Maybe they really are. I know ISLD often overshoots hard price limits created by large orders from other sources. What I want to know is if someone is getting true "real time" or are we all in the same boat of getting "delayed" quotes of a few seconds slow behind the ECN's. I accept that technology has its limits- I just am trying to understand what they are. Eric

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