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To: LPS5 who wrote (7845)1/6/2000 10:01:00 PM
From: TFF  Read Replies (2) | Respond to of 12617
 
Interestingly MarketX has instituted a 5,000 share max per trader to try an limit the influence of institutions on afterhrs activity.

From MarketX website:

eclipsetrading.com


Open Order Limits

What are open order limits?
MarketXT limits the maximum number of shares of a stock an investor can keep open in the Order Book at any one time to 5,000 shares.

How do open order limits benefit you?
Institutions and professional investors have access to far greater amounts of capital than individual investors and their trades are often much larger. Without limits, these larger investors could buy up all of a given stock available in the marketplace in a single order, limiting the opportunities for individual investors. Limiting order sizes for all participants puts the institutions on the same playing field as individuals such as yourself, increasing your chance to get an execution and maybe even the price you get.