Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: aldrums who wrote (953)	1/11/2001 6:37:13 PM
From: dli	Read Replies (1) \| Respond to of 9012

For example: Say a stock is 5 x 5 1/4. INCA is bidding at 4 3/4. I could sell/offer down a 1/2 point on Instinet and my order would show up as a new lower offer at 5 3/16 instead of hitting the INCA bid? And I would continually be the inside offer until my limit price was reached? No. If in your scenario you send a sell order to INCA limit priced at 4 3/4 it will execute against the order sitting on the book. The behavior I've described would only take effect if no liquidity is on the book within your limit price range. If you should only get a partial execution at 4 3/4 I would assume that the remainder of your order will also be treated that way, but so far I've never had that happen to me. Dave