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Non-Tech : MB TRADING

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To: Rick Faurot who wrote (2305)	11/26/1998 1:15:00 PM
From: wily	Read Replies (2) of 7382

>>that preferencing via SNET causes your order to be displayed to only one MM, which is very limiting. I think broadcast is more effective since you will still hit that MM as well as others. But I know some guys (one guy on this thread, I forget who it is) use SNET Pref extensively, supposedly with success. Maybe I just haven't figured it out yet Rick, I use SNET preferenced because, if I'm the first one to hit that MM, he HAS to fill my order. If I broadcast it they have the option. In a fast market preferencing doesn't work because SOES is getting all the fills (I presume). It has been suggested that broadcast selectnet outside the spread will work in a fast market--I haven't tried that. wily

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