Michael, if there are MMs at some bid, and you put a bid in at the same price, you will only get those shares if the MMs move off that bid to a lower bid.
of course, if there is a market order in ISLD, you will get filled before anyone else!).
Not necessarily true. If a market sell (at the bid) exists on ISLD, but other MMs are at the same bid, you'll never get filled and shouldn't expect to.
However, if your ISLD bid is the current best bid, then a market sell anywhere on earth should go to you (and I believe it does). But, since no one else is bidding at this level, the bid now moves down to the next best bid. So, did you really fill at the bid? Of course not, you filled "between the spread". So the rep really was right. |
