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Non-Tech : CyBerCorp.com

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To: Chris Steele who wrote (565)	4/25/2000 9:22:00 AM
From: WryBoy	Read Replies (1) of 1001

I'm a little concerned about the SelectNet changes. From what I have read, only preferences equal to 100 shares above the MM's displayed size will be accepted. So, if an MM displays 1000 shares, you must preference for at least 1100 shares for the order not to be automatically rejected. That stinks if I am reading this correctly. It effectively eliminate preferencing under many conditions. Also, I assume the rule does not apply to ECN preferencing, but I am not sure. I often preference INCA for example for my shares. Can you imagine, if an ECN such as INCA displays 5,000 shares and you cannot preference anything less than 5100 shares?!? I'm a little concerned about this. WB

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