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Strategies & Market Trends : From the Trading Desk

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To: jlib who wrote (4211)2/18/1999 9:05:00 PM
From: AlienTech  Read Replies (1) of 4969
 
>>So, basically I bought at the bid. Is that correct? If for a brief moment the ask came down to take me out shouldn't the bid then be a fraction below 4 1/4? There is no problem with what happened, just curious about the technical details of how I was able to buy at the bid.<<

Yes I have had schwab give me very good fills. Usually the buys are at a better price and the sells are at a better price as well. IE stocks with a 1/4 spread will give you a price in the middle in a lot of cases. Out of 100 trades I had this happen about over 50 times. With ETrade it happened once in a 100, I got a 1/16th better price. With Datek it never happens :>
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