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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Wayners who wrote (8343)7/26/2000 5:43:56 PM
From: Dan Duchardt  Read Replies (3) of 12617
 
Wayne,

I had one of these today. I made the best offer via INSTINET and was alone at the inside watching prints go off at my price. After about 1000 shares I was joined by another offer. After 2300 shares I still was not filled, and then someone posted an offer 1/16 below me. I finally had to settle for selling at the bid 1/8 below my original offer. It's the nature of the beast. It's great if your broker has an auto execution agreement with some MM, but when you don't have that it's a pain.

Dan
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