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To: chic_hearne who wrote (43302)12/4/2000 6:15:15 AM
From: robnhood  Read Replies (1) | Respond to of 436258
 
What makes you think that decimimals will change that? In Toronto, (Computrised), if a bid is entered into the system , it is in there and cannot trade through it without being filled. All orders large or small must trade through the system.
The failing of this system is when a large print is about to go up, everyone in the way will get filled at their price and not at the print price.
We have been decimalised for a few years now, but that has nothing to do with the fills.



To: chic_hearne who wrote (43302)12/5/2000 12:14:33 AM
From: Mama Bear  Read Replies (2) | Respond to of 436258
 
"What's even more frustrating is to see other orders go through under my bid or over my ask."

Does your broker direct your option trades to a single exchange? There are many who will only send an order to the Amex or the CBOE depending on who pays them for the order flow. You may be seeing executions at other exchanges if you're looking at composite quotes. My broker lets me direct to any exchange that I like, or will do it for me through a 'best execution' algorithm. Executions are next to instantaneous. Commissions are cheap too.

Regards,

Barb