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Strategies & Market Trends : From the Trading Desk

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To: bazooka who wrote (3735)	10/16/1998 10:35:00 AM
From: steve goldman	Read Replies (1) of 4969

Sorry..must have missed it....Out of sequence, SLD designated, are trades that occurred during the session but later than the 90second reporting timeframe. Within 90 seconds a mm must print the trade to the tape...if its after that, they must designate it with an SLD trailer. Could be a mm working a large sell order then coveringthe piece, but they were able to compute the average price they are marking up, or giving the cient, within the 90 seconds. Regards, Steve@yamner.com

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