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Non-Tech : Datek Brokerage $9.95 a trade
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To: AlienTech who wrote (3181)6/12/1997 11:00:00 PM
From: Greg Higgins   of 16892
 
AlienTech writes:

Another problem I found is with the spreads.. Eg I entered a sell order for PAIR at 18 31/32, The current ask is 19. ISLD dosent show up. So I enter another sell order at 18 15/16, Voila It does show up. I played around with it some and found that if the spread is 1/32's it will not get ahead of others. No matter if the other sales are taking place at a higher price eg 19. Its very easy to find this one. But this aint as bad as the other 'BUGS' :)


Some time back there was a discussion in which it was pointed out that ISLAND doesn't trade in 32s, only in 16s or worse. This is most likely why your order didn't show up there. I used to use 32s trying to trade inside the spread and found that my hit rate improved when I went to 16s. Wouldn't it be great if every one switched to 5 decimal places?
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