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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Eric P who wrote (13440)8/4/2001 6:14:45 PM
From: OZ  Read Replies (1) of 18137
 
ECN's now have an advantage that even MM's don't currently have: the ability to use reserve size without displaying a minimum of 1000 shares

I agree with all that you said in your post except you have
to remember that the MM's do use the ecn's and are probably
the ones that are using the reserve capacity features of
the ecns's. This feature is not typically readily available
to most daytraders and is mainly used by MM's and institutions.

Oz
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