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Non-Tech : Interactive Brokers / Timberhill
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To: rocklobster who wrote (841)12/8/2000 8:44:39 PM
From: James Hill  Read Replies (3) of 9012
 
Island?

I routed a limit order to Island. Waited and waited
for order to fill. Watched time and sales and Island
on level2. Checked Island book and there my order was
sitting there below several orders that were 1 cent higher
on bid. I take it that I was constantly losing out because
of the 1-cent higher bids. Is this correct?

For example: If the bid is 20 and the ask is 20 1/16, there
are bids on Island for 20.01 that stay ahead of the 20 bid.

Question: What is the best choice in selecting order
routing for a limit order?

Thanks,

James
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