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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Paul who wrote (2979)2/13/1998 3:54:00 PM
From: Morpher  Read Replies (1) of 12617
 
Where did you see that 300 shares limit for NextNasdaq? Any links or references?

The Nasdaq Trader page nasdaqtrader.com says:
1.If the order is 1,000 shares or less, and the quote is equal to or greater than the order size, the order delivered to the Market Maker or ECN will be executed automatically.
2.If the order is greater than 1,000 shares and less than 5,000 shares, and the quote is equal to or greater than the order size, the order will be presented for 20 seconds for action by the Market Maker or ECN. If an action (execute the order) is not made within that time, the system will default to an execution of the order.
3.If the order is 5,000 shares or greater and the quote is equal to or greater than the order size, the order will be presented for review for 20 seconds, after which time, the system will default to a decline of the order.


I also read that MM's are very much against NextNasdaq.
Thanks.
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