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 Market Maker
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: deke leatherman who wrote (44)9/15/1998 12:44:00 PM
From: Len  Read Replies (1) of 48
 
Deke, unless you wish not to have the Island ECN available to you, there's nothing you can do with Datek to avoid partial fills. It's setup to match your order with any open orders on the book first, then it is posted to the book where someone can preference it in its entirety. If I remember correctly, that is why the ECN's don't allow their members to send 'all-or-none' orders to them. It is ostensibly for liquidity, but that's another issue.

As long as you're not using an all-in-one order entry trading system, where YOU can be the one to preference against the orders on the ECN's, you'll be stuck with the partial fills at Datek. It's just how they do it, and I doubt there is anything any of us can do to change that. Sorry for the bad news.

Hope this helps

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

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News