Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (4770)	10/9/1999 10:33:00 PM
From: Ginko	Read Replies (1) \| Respond to of 10027

Any one know if TD Waterhouse sold it's 8MM shares on the open market yet? Regards - Tom

To: Gary Korn who wrote (4770)	10/9/1999 11:48:00 PM
From: gbh	Respond to of 10027

Assuming you are a buyer, I think what happens is that you get an ISLD fill on a market order (placed with Datek) if the ISLD best ask is equal to the best ask as reported on Level 2 (i.e., by those making a market in the stock and/or by any other ECNs with orders on the books). This assumes that sufficient shares are available at the best ask on the ISLD book to meet your market order. Gary, a good explanation. However, with Datek, even if the best ask is less than the number of shares I want to buy, I get a a partial fill of those shares immediately for the market order, and the remainder of the order is Selectnet'ed out to Nasdaq. Gary