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Strategies & Market Trends : From the Trading Desk

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To: Brendan W who wrote (2194)	1/3/1998 2:02:00 PM
From: Brendan W	Read Replies (2) of 4969

I recently wanted to cross 100 shares of a very inactive NYSE stock from my IRA account to my margin account. The stock was bid 105 ask 107 last 106. I placed a limit order in each account fairly simultaneously at 106 through Superdot (with no other restrictions). The specialist filled the sell at 106 I think out of his own inventory, and then adjusted the price to bid 106 ask 107, without filling the buy. Is the specialist required to fill the buy?

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