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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (4594)	10/3/1999 3:17:00 PM
From: -	Read Replies (2) \| Respond to of 18137

Where did you get the idea that ARCA only works your order at the inside market? With limit orders, it'll work your order incrementally up/down above/below the inside market. That's a big part of it's capability. -Steve

To: Tai Jin who wrote (4594)	10/3/1999 3:35:00 PM
From: E. Davies	Respond to of 18137

Only when there is no ISLD bid to execute against will your order be rejected due to crossing the market The problem is when someone else hits the ISLD bid before you. Many last only 1-2 seconds. By the time your order arrives ISLD is gone and you get a "cross". Of course often another bid will appear 1 second after but its too late, your order is cancelled. A Cyber-limit is kind enough to reenter the ISLD order if it gets a cross. Using MB was immensly frustrating for me in this regard. I'm probably going to trade at a broker that charges a per share commission instead On of the things I like about Cyber is how they handle partials. Trades executed within 5 minutes are considered part of the same order and combined into one execution. I have even bought, sold and bought again within 5 minutes and had to pay only 2 commissions. Eric