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

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To: steve goldman who wrote (4129)5/12/1998 9:22:00 PM
From: Scott  Read Replies (1) of 12617
 
ie..if the inside market is 1/8 x 3/8, although only bid 1/8 for 300 shares (your bid), then
all the other firms out there can not take in stock on market sell orders at 20, they must
take it at 1/8. So it could be firms/mm's taking in stock at 1/8 from internal client orders,
'in-house orders', for an inhouse cross, or it could be a market maker being
compeititve...


Steve,

Could prints at your bid be from trades initiated on Selectnet? The MM might not want to join the bid, but there might have been a selectnet
offer at 1/8 that the MM decided to take, thus printing around the ISLD bid. Or will ISLD execute against Selectnet (I didn't think so)?
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