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Non-Tech : MB TRADING
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To: Sword who wrote (512)7/15/1998 3:50:00 PM
From: spotter  Read Replies (2) of 7382
 
Can you suggest where I might be able to learn what the differences are between Selectnet/ISLD/SOES/ARCA, when I would use one or the other (which your rules already suggest) and why? I hesitate to make use of any rule I don't understand the reason for.

Thanks!

> 4. Trade using appropriate trading tools
> ....a. Understand the different trading routes and what they can do.
> ....b. Don't use Selectnet with a price far from the inside price
> ....c. Don't use ISLD to cross, use ARCA
> ....d. SOES only on slow moving stocks or when there are at least 4 MMs at the inside price.
> ....e. Preference in Selectnet with large volumes
> ....f. Join the bid or ask on ISLD where possible
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