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Strategies & Market Trends : From the Trading Desk

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To: TFF who wrote (3322)	6/26/1998 9:10:00 PM
From: steve goldman	Read Replies (3) of 4969

We do it. It requires that the trader works the order. We place the stop side on the books so you are protected at your stop and the limit order would be entered when we get within 1/4, 3/8 points of the limit, still leaving room for our traders to get improvement. Nonetheless, you can have to be careful of the liablity of having two orders in same stock on the books. I dont think solely electronic-based system can provide it...too much liability for a $19 buck commission. Regards, Steve@yamner.com

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