SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RockyBalboa who wrote (9577)8/29/1998 8:17:00 PM
From: Esteban  Read Replies (1) of 16892
 
This experience of marketable orders hanging in the first 30 minutes puzzles me. I've seen it reported here so often, yet I hardly ever experience it personally. I usually trade NYSE, which may explain my lack of problems. It makes me wonder if it is a Nasdaq problem more than a Datek problem. Have you observed this happening on the same Nasdaq stocks time after time? Or maybe on stocks whose volume is way out of their normal volume range due to a news release or something?

Perhaps when Nasdaq is overwhelmed by volume on a particular stock and and orders begin to back up, the MMs are able to push their orders through at the expense of the ECNs like Island. This wouldn't surprise me.

Just speculating.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext