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Non-Tech : MB TRADING
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To: kaz who wrote (3844)2/11/1999 8:28:00 PM
From: wily   of 7382
 
I had trouble with Watley using their listed button sometimes. Some orders were extremely slow getting executed, and cancellations could take forever. I haven't been with MB that long, but the speed on listed stock orders and cancellations has been admirable. Obviously its generally going to be slower than Nasdaq trades.

I was told at Watley that the order isn't necessarily sent direct to the exchange. Sometimes it goes through the clearing firm -- I had to wring this out of the service rep. My hunch is they may try to cross larger orders internally and scalp a little here and there. I don't know if this would explain the problems at JPR.

w
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