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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?


To: Dan Duchardt who wrote (8182)5/4/2000 11:35:00 PM
From: LPS5  Read Replies (1) | Respond to of 12617
 
A quick reply: most trading systems will only permit trade entry in round lots. Others have systems that aggregate orders internally to make 100 share (or other round number) lots.

Beside the Island ECN or sending out orders on SOES and SelectNet, many of the direct broker-dealer ACES systems (proprietary trading systems permitting executions vs. a particular firms' inventory) are specifically geared for orders of 100 shares or less.

LPS5