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Non-Tech : Datek Brokerage $9.95 a trade
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To: Caroline who wrote (3437)6/25/1997 5:06:00 PM
From: EK   of 16892
 
Hi everyone. I had some problems with a limit order on a fast moving stock, PSUN. I placed the buy order at a 1/16th higher than the best bid. The Datek manual says that this order should have been exposed on Island to the market. I have a NASDAQ Level II screen and never saw the order posted. Sure enough, the bid moved higher and my unexecuted order became moot since it was now outside the inside spread. Has anyone seen this problem before?

Thanks
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