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Non-Tech : CyBerCorp.com -- Ignore unavailable to you. Want to Upgrade?

To: Chris Steele who wrote (537)	4/19/2000 4:12:00 PM
From: WryBoy	Respond to of 1001

The good old days of SOES are long gone I'm afraid. Even with the new rules, MM's will not have to honor anything more than what they display (the actual size rule). That you will be able to execute nearly 10K shares with SuperSOES merely means that if that amount is displayed and if there aren't other SOES orders in front of you, you will get the shares. I'm hopeful that the reduction from 17 seconds to 5 seconds as the time MM's have to refresh will improve things.... The 5 minute rule is murky, but Cyber enforces it strictly and conservatively with their own proprietary timers. That won't change I'm sure. The changes to Selectnet seem to clearly favor MM's since they won't have to fill or move with 15 seconds of a preference. We'll see what happens. WB