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Non-Tech : CYBERTRADER

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To: Patrick who wrote (1861)2/1/1999 11:50:00 PM
From: Paul K  Read Replies (3) of 3216
 
"After a total of 60 seconds any unexecuted portion is routed directly to the Island where it is held pending execution that day" cybercorp.com

Patrick, why are orders not routed DIRECTLY to an ECN like ISLD first instead of SNETing around w/10 second stops? (if ISLD has the best or 2nd best inside price to match against it could be instant)
Perhaps a 'trade-off' button could be added that would let you emphasize whether you want 'best price' or 'fast exectution'.

Is a 25cent cancellation fee applied to orders that are not completely filled by Smart or Cruise Keys?
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