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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: Dan Duchardt who wrote (7049)4/26/1999 4:34:00 PM
From: wily  Read Replies (1) of 12617
 
As far as the time delays for routing through the broker, etc., I know that these things can happen VERY fast to not so fast. Very often I will place an Island order and it seems to fill at the same time I hit the mouse button.

The lady at Nasdaq didn't say what would be done -- only that I had recourse if I wished (I didn't because I got filled 1/4 higher shortly thereafter). My broker told me that firms can incur huge fines ($100,000) if they show a pattern of backing away. The firm in this case was MASH.

wily
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