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Non-Tech : Littlefield Corporation (LTFD)
LTFD 0.1700.0%Sep 29 11:29 AM EST

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To: FeringiTrd who wrote (5323)12/9/1997 4:34:00 PM
From: Que  Read Replies (1) of 10368
 
>>(MM didn't have to display, because less than 5k shares)<<

Ferengi, I can't recall a limit order denominated in 64ths on BNGO(W)ever being represented to the market.

I didn't know there was a specific minimum. 95% of the limit orders I see on BNGO(W) are less than 5k - If you are correct they are all at the discretion of the MM to display or not, scary. I was under the impression that all limit order *must* be represented to the market...but I have noticed, from using both Datek and E*Trade accounts, that while Datek orders are represented in a matter of seconds, the E*Trade orders can take quite a while to appear, and sometimes never appear - even when they are inside the spread. I assumed this was just because 1) E*Trade is so fucked in oh so many, many ways. 2) E*Trade does not make a market in BNGO(W) and sends their orders to a number of different MMs.

One note, if you have entered an order and your MM (or ECN) has another order slighly closer to the spread, your order will not appear on the market (at least not on level II) until the better one is filled or removed.

L.L. & P.
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