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Strategies & Market Trends : From the Trading Desk

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To: steve goldman who wrote (1854)	12/2/1997 3:38:00 PM
From: Stacy Holmes	Read Replies (1) of 4969

Steve, I have been lurking on this thread for 3-4 weeks and would like to thank you for the invaluable education you have provided to myself and others. The information and insights are simply unavailable elsewhere. When looking a time & sales (delayed @http://www.quote.com/cgi-bin/jchart-form?genApplet=yes) there are numerous trades of listed stocks trade on NMS (denoted by t) Am I correct in assuming that most or all these represent "payment for order flow" and are they listed on level 2. thanks for the education stacy

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