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Non-Tech : MB TRADING
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To: CynicalTruth who wrote (4064)2/26/1999 9:04:00 AM
From: bobby is sleepless in seattle  Read Replies (3) of 7382
 
John,

Unfortunately, MBT accepts only limit orders with ISLD, and if the best bid/ask matches your limit, you'll more than likely get kicked off. Gotta be nimble with preferencing...

And I agree, this can make for "slow" execution or a worse fill.

Once again, this is why I recommend Datek with respect to isld, and only if it's a position trade...market, limit, gtc, all are available...and you will more than likely get filled with market orders regardless of best mm/ecn.
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