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Non-Tech : Datek Brokerage $9.95 a trade
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To: Liam Kingsmill who wrote (3737)7/15/1997 7:17:00 PM
From: Jon Tara   of 16892
 
Liam, you CAN'T guarantee that a market-maker will sell or buy at your price, even if he or she doesn't want to.

But, I was talking about the NYSE, which is not a market-maker market. And I also wasn't talking about guaranteeing a fill.

In an auction market (NYSE) the bid CANNOT drop below my bid unless I get a fill - the specialist isn't allowed to do that. If he wants to drop the bid below mine, he MUST fill my order first.
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