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Strategies & Market Trends : From the Trading Desk

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To: brad heffler who wrote (4072)	1/14/1999 4:28:00 PM
From: steve goldman	Read Replies (1) of 4969

Its an ugly trade, but the rule is: you are obligated to take what happens not what they report. They mess up the reporting, you act on it, it doesnt matter...its not what is reported, but what occurred. You should have known that you were filled when the stock went lower. Different firms treat errors differently. I cant speak for them. I can speak for Yamner. We make errors. They occur. We stand by doing what was right. In that case, I would have eaten the error since you did everything you possibly could to verify the trade and were given a specific answer, that you were 'out'. I dont think you can win it. They are a different kind of firm. Regards, Steve@yamner.com

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