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Non-Tech : Datek Brokerage $9.95 a trade
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To: Rene Madsen who wrote (9015)7/10/1998 12:38:00 PM
From: gbh  Read Replies (2) of 16892
 
Rene, hopefully your still holding the EGGS. But what makes you think you were entitled to a fill at the ASK? Unless there was an ISLD "limit buy" at 16, AND you were at the top of the queue, you weren't necessarily entitled to a fill.

If other MMs were sitting on the ASK with you, they would be preferenced by any SOES sales. Nasdaq rules states an ECN, like ISLD, can not be preferenced for a market order if another MM is at the same bid/ask. I believe that is the rule.

Unless you have an L2 display, you can't really know if you were entitled to a fill or not.

Gary
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