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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Eric P who wrote (2171)1/7/1998 2:41:00 AM
From: Morpher  Read Replies (1) of 12617
 
With stocks like INTC, DELL and CSCO, I have only gotten fills ~30-50% of the time on a SOES order. In the other cases, I assume the marketmaker decided to back off of his quote after the delay and the price drops to the next bid/ask level, cancelling my order.

What is probably happening is that one of the ECNs (INCA, ISLD, TNTO, BTRD, or REDI) is on the inside market, not a market maker. ECNs in general are not SOES eligible. You should send a preferenced Selectnet order to them instead of using SOES. Please try it and tell me if it helped.
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