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Non-Tech : CYBERTRADER
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To: Stryker who wrote (2230)3/30/1999 4:09:00 AM
From: JDTrader  Read Replies (4) of 3216
 
While the paid mob continues to re-live the memories of the glory that never existed, marching around and claiming victory for conquering imaginary battle grounds at the expense of denying the truth as well as their own financial loss, I appreciate your comments and only wish that others would take a moment to study your response and realize what an intelligent and responsive comment looks like. I am hopeful that perhaps then it will become apparent to them why some of their earlier comments were deleted--notwithstanding their latest postings that prove otherwise.

Now, turning to your response, I have to say that you have left out a very important part of my example. My example also provided for the following fact:
You are trying to sell 1000 shares of Amazon and
THE LEVEL II WINDOW SHOWS: 125 BID BY 125 1/8 ASK

The Island book look like this

Bid **** Ask
$120 300 **** $122 600
$118 500 **** $123 1000
117 1/4 600 **** $124 5000

This is what all programs allow you to do. You enter an Island order to sell 1000 shares at 117 for example. The Island book will start at the top of the book and fill you as following: 300 at 120, 500 at 118 and 200 at 117 1/4. You are OUT of your position. Cybertrader, however, will reject your order and says that you were
locking the island book because your selling price is lower than the inside bid.

I would welcome your response as to what the present version of cyberbroker that is used by all your customers will do in the above example.
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