MB TRADING Message Board

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Non-Tech : MB TRADING

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To: funk who wrote (2369)	11/28/1998 5:28:00 PM
From: steve goldman	of 7382

ECNS (including Instinent ) are one way of trading preopen. you either need to take out an offer, hit a bid or make it your bid or offer, no different than during the market hours except volume is much lower. SNET doesnt come online till 9am i believe so it is no use until 9am. You can't obligate a market maker to do anything preopen but certain firms are willing to trade preopen, yet there is always a premium to it. Personally speaking, I would look for an offer to take out by an ECN (snet preferring or REDIbook preferencing an offer wont work as noone except an ECN is obligated to do anything preopen). Subject 15612 BTW...if anyone has other questions like this, please ask or post them on the thread above. Regards, Steve@yamner.com

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