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Non-Tech : Bid /Ask Spreads - Market Manipulation

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To: Marie Thorsson who wrote (178)	10/30/1996 11:10:00 AM
From: ----------	of 308

Thanks for the information, Marie: I seriously doubt these firms would break the rules. Two seconds is real fast! From what I have been told, (I have not seen the system work, I merely acquired some information on it and then asked some questions), the "review & release" process is not involved. Basically, your order prints out on a printer. An individual merely hits a key on the keyboard to "release" the order and off it goes. The only delay would be if the order required the individual to look at your account or it required higher approval for release due to pre-set parameters set by the firm. I must agree that even for the most basic function, 2 seconds from you to the firm to the floor then back to you is hard to believe. I wish I knew how to follow up on this further, as I am really curious exactly how it works at Datek & E*Trade. Given the chance, I'll continue to ask people who might know for sure, and I'll report back here. Regards, Doug

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