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

To: LPS5 who wrote (8644)	1/18/2001 10:48:08 PM
From: Dominick	Read Replies (2) \| Respond to of 12617

LPS5: I can just imagine what penny quotes are going to do to limit orders(partials or plain missing it). Looks like the next best strategy will be to use market orders with limits.

To: LPS5 who wrote (8644)	1/19/2001 1:36:38 AM
From: aldrums	Respond to of 12617

"...per share assessments are projected to replace tickets as the standard fee format for retail customers..." This is great news. One thing I have thought of regarding penny increments: It would be great if you could program Realtick and similar software to round the pennies to nickels or higher, but still order the market participants in the level II montage so that the actual highest bid and lowest offer is at the top. Hopefully you could easily determine the best bid/offer and still see the levels clearly. Alex