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Non-Tech : MB TRADING

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To: wily who wrote (1522)	10/22/1998 5:08:00 PM
From: Michael Turner	Read Replies (1) of 7382

Hello Wily, I would only preference outside the spread if I knew that a market maker was active in the stock for the day. Some trading platforms have a tool that shows how many times each market maker has been at the inside quote. If I can see that GSCO has been at the inside bid 196 times today, and the next most active market maker has only been there 84 times, I will definitely preference Goldman. Usually, however, a broadcast is effective...and usually there isn't a HUGE difference in activity like the example that I just gave. I don't know your answer about the Island question. I am going to post it on the Datek thread and see if I can get any answers. Regards, Michael Turner Author DayTrading into the Millennium tradersresource.com

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