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To: Wayners who wrote (8068)3/22/2000 11:28:00 PM
From: TFF  Read Replies (1) | Respond to of 12617
 
Just imagine NITE gets a flurry of buy orders @ the top of a huge momo play. Oddly NITE hangs on the bid w/ 100 shares while ISLD hightails it south. You think NITE might be filling his buy orders out of inventory before he drops his bid?

Bet you'd be glad to be on the receiving end of that buy order fill huh? But hey! you only paid 12 bucks commish thru that dandy national discount broker.

Or better yet, you're trying to get a market order sell thru NITE but your order is delayed while NITE yanks his bid AFTER he is done filling his buy orders out of inventory at the top and fills you several points lower.

Myth or reality? Conflict of interest? nahhhh



To: Wayners who wrote (8068)3/31/2000 7:46:00 PM
From: Redmond Quain  Read Replies (2) | Respond to of 12617
 
Somewhere I read that Island was on a first come first served basis. Is this incorrect?