Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: Michael Turner who wrote (10019)	10/22/1998 10:29:00 PM
From: Morpher	Read Replies (2) of 16892

MMs are not allowed to cross or lock the market, regardless of which ECN or MM is on the inside. When a MM locks/crosses the market it is his responsibility to take action to unlock it. I don't know why ISLD would delete orders that are crossed by other MMs. I never saw this happen myself. It could be just a design decision that ISLD will be 'nice' and step away.

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