DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Jon Tara who wrote (8298)	5/6/2000 12:47:00 AM
From: LPS5	Read Replies (1) of 18137

LOL. First of all, how do you know that the trader hasn't filled at such price and size over the phone, etc., and not reflected such in the montage? It could be printed up to 90 seconds afterwards, of course. No, the rule should be as it is: "trade or move." Posting a quote is an act which to a large extent reflects INTEREST, and which - unless hit with a liability-inducing order (SOES, certain limit orders and conditions that Dan mentioned, etc.) - does not, and should not, carry with it the obligation to automatically have to execute a trade without the ability to reject such or move ones' quote. LPS5

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