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Non-Tech : MB TRADING

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To: wily who wrote (2527)	12/5/1998 8:05:00 AM
From: funk	Read Replies (3) of 7382

Another way to think of level II... In the case of the order you described, am I right that his order didn't show up on the bid, since it was above the ask; and that you knew about it through the ARCA book--right? The Bid represents $$$$ chasing stock, nothing less and nothing more. The Offer represents Stock available for $$$$. The ARCA book is integrated right into the level II for all terra nova users (victims <gggg>). We had the island book way back in the early days at MBT. Back then I was trading so tiny that I did not appreciate having the isld book in my level II. Now I am wishing for it. funk

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