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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (1517)	4/18/2000 3:25:00 PM
From: Cy	Respond to of 1598

Not sure about Canada, but I was told that you need to buy and sell a minimum of 10 contracts to show up in Ask/Bid.

To: tyc:> who wrote (1517)	4/18/2000 6:20:00 PM
From: Porter Davis	Respond to of 1598

>>My offer was never posted. I'm surprised by this. Montreal has a "post it or toast it" rule whereby every client bid or offer is posted, and if it is for less than the specialist's board lot (at least twenty contracts), then the specialist must honour that bid/offer for at least ten contracts or trade it to remove it. I don't think this applies to non-client or pro orders, but I'm still learning the system. For now I haven't figured out how to over-ride the automatic spread algorithm. When BCE closed with a $2.00 spread on Friday, the system widened our quotes to an obviously unusual extent. With stocks moving ten dollars a day recently I find it amusing to see clients CFOing their orders by five or ten cents, still not trading, and missing the whole move. I guess it's just human nature. Happy trading. Porter