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Strategies & Market Trends : From the Trading Desk

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To: Brendan W who wrote (3094)	5/22/1998 10:46:00 AM
From: Craig Richards	Read Replies (1) of 4969

Brendan, There were transactions above my (sell) price. Although the bid didn't get up to 66, the ask was at least as high as 66 1/4, and I think it went up to 66 1/2. There were definitely transactions that printed at 66 1/4 - if my order had been properly displayed, it would have had to have been filled before any transactions took place at a price higher than 66. If you want to know the rules regarded how orders must be handled, check the NASDAQ web site at nasdaq.com - it's all explained there (keep hitting the right arrow at the bottom of each page.) Craig you said: Craig, I was under the impression that you are not due a fill if there were no transactions at your price ... regardless whether they represented your order or not. I've encountered this on the buy side. Is your understanding different?

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