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Non-Tech : Datek Brokerage $9.95 a trade
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To: AS Hibbs who wrote (10085)11/3/1998 9:56:00 PM
From: Fred Puppet  Read Replies (1) of 16892
 
I don't believe in ghosts. If XYZ on NASDAQ is 10 x 11, and you bid 1000 at 10 1/8, you should see your order represented. A customer at another brokerage might see the bid of 10 1/8 and place an order to sell 1000 at 10 1/8. That order goes to the broker's favorite market maker, who might currently be bidding 10. The MM can either buy the shares at 10 1/8 or pass the order to ISLD and you get a fill. They will probably buy the shares. It's the MM's choice.
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