SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Amati investors
AMTX 1.380+0.4%Dec 24 12:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Hunt who wrote (27428)10/19/1997 9:31:00 PM
From: SPEEDRACER   of 31386
 
A great ? John........ The Philadelphia exchange and the AMEX both have a specialist system for options. Customere orders take priority over MM's unless the MM is closing. In which case the MM can match with the customer order.

Your order can be handled in a # of ways. 1) it can be put on a RAES ( computerized order entry sysem which basically makes it your bid or offer if you put it in between the market. 2) the order can be given to a broker who would physically go to the trading crowd to represent the order and stand there till it is executed or he could just put the order on the specialist book.

On the Pacific exchange and in Chicago they have a different sytem. In Chicago it is a DPM Designated Primary market maker also in ther P coast. It is basically an open outcry system like in a futures pit. Not really 100% sure, but I assume priority is given the same way as in Phila, and the AMEX.

I would keep this in mind since many stocks are listed on 2 or 3 exchanges for the options.. True you want to go to the Primary market, but I would prefer the specialist system over any other. More organized and less chance for any type of problems since it is generally speaking a more orderly market. best wishes and glad to be of help. SPEEDY========================================================
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News