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Non-Tech : MB TRADING

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To: bede who wrote (2587)12/7/1998 1:09:00 AM
From: scanshift  Read Replies (1) of 7382
 
Resting bid below the market, Archipelago or ISLD?
An interesting point Bede, see some of my prior posts about ARCA. I have this question, if you are going to put a resting bid below the market, would you use Archipelago where there are 7500 trades a day based on the information at
polartrading.com

or would you use ISLD where they did 177,112 trades on Friday
isld.com

The reason being, is say the stock trades down to your price level and both Archipelago and Island are there. It may trade your price, not trade through it and then pop. Which ECN is your best chance to get a fill? The numbers lead one to believe without a doubt it would be ISLD.

Note- The same questions are applicable for resting offers placed above the market.
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