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Strategies & Market Trends : From the Trading Desk
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To: steve goldman who wrote (2869)4/18/1998 4:01:00 PM
From: Gary Payton  Read Replies (1) of 4969
 
Steve-

I'm not sure I completely understand how a short sale is executed according to Nasdaq rules. If I put a short in for the market, won't it always execute just as the order gets to the MM screens? Does a marketable order have to wait for an uptick to be filled at the bid? And what about limit orders to sell short - are they accepted then? And last, if using Datek, or any other system that goes through Island, can you place a limit order to sell short between the bid and ask?

Thanks...Garrrett
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