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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: underdog430 who wrote (8261)	5/5/2000 2:06:00 PM
From: Eric P	Read Replies (3) \| Respond to of 18137

Mark: ISLD, unlike ARCA, will not just post the balance of an order where you get a partial fill on the other side. As a result, your original order gets killed, even with a firm like MB Trading. This is not true if you place a Subscriber Only ISLD order. I assume that MB offers this type of ISLD order. It will fill what it can, then post the rest on the ISLD book. This type of order will not be displayed on Nasdaq Level II, however, and it's main purpose it to be able to lock/cross a market without having your order immediately canceled. See the thread summary under "ISLD Nuances" for more information on this type of order. -Eric