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Non-Tech : MB TRADING

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To: - who wrote (4796)5/30/1999 1:21:00 PM
From: Tai Jin  Read Replies (1) of 7382
 
Steve,

I also avoid paying the spread by buying at/near the bid and selling at/near the ask. In those cases I just use ISLD to post my order. The interesting situation is when I have to get in or out in a hurry and ISLD is not at the ask or bid. In these situations, I can either go outside the market to take out a posted ISLD order, or use ARCA. I have found that using ARCA in these situations is very slow. Note that I am usually trading the Internet stocks, so maybe that has something to do with it.

One thing to note about ARCA is that while it does not give you as many partials as ISLD, it still does and once you have an odd lot you cannot use ARCA to close your position. I think this is a design flaw.

...tai
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