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Non-Tech : MB TRADING

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To: scanshift who wrote (2075)11/21/1998 11:48:00 AM
From: Colin Cody  Read Replies (3) of 7382
 
scanshift, Okay I now see your point. With my current broker (WSA) I see my offers in Level II under the particular MM that WSA sent the order to. If I am not happy with what I see on the Time of Sales and Level II screens I call up and get it straightened out.

As I understand it a MM may not allow his personal order to come ahead of a retail order. Are you saying TerraNova trades for their own account? Are you saying that they violate the SEC/NASD rules of how an order is processed?

If so, is the answer to preference a different ECN or MM?
Again, I have yet to trade MBT, but I understand that we can preference where a trade is sent. I suppose I could preference NITE for my trades and be treated fairly??

Colin
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