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Non-Tech : Datek Brokerage $9.95 a trade
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To: smith who wrote (11435)4/1/1999 3:21:00 PM
From: The Vet  Read Replies (2) of 16892
 
>>What I most often do is place a limit order which is just 1/32 or 1/16 outside the marketable price and therefore I get it on to Island immediately.

What's 'outside' mean? lower than ask or higher than bid if you want to buy?>>

Sorry I was not clear on this. I mean just lower than the bid on a buy and just higher than the ask on a sell. You may have to cancel and place another order if the market moves away but at least you can do than immediately if it is on Island. On your other question just watch either streaming quotes or preferably level II. You will see your bid or ask on Island and other MM's accepting the same price but ignoring yours. Unfortuanately it happens all the time with soem stocks...
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