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

To: Eric P who wrote (5215)	11/5/1999 6:42:00 PM
From: Matthew L. Jones	Read Replies (2) \| Respond to of 18137

Right, I'm familiar with the process having spent several hours on the floor of the exchange. However, isn't superdot still an ECN only without widely distributed availability? As I understand it, from the interviews on CNBC, the "new" system involves superdot. Is this incorrect? Superdot allows for order matching without the specialist's placing it on his order book, does it not? My understanding is that it can be toggled between automatic and manual. Maybe I'm misunderstanding it, however an accessible electronic order execution and listing network (like superdot) is essentially what an ECN really does. I think it comes down to broad access and leaving the terminal on "auto". Matt