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

To: Mark Davis who wrote (1053)1/21/2001 5:51:13 PM
From: RockyBalboa  Respond to of 9012
 
Um. I keep my fingers crossed that I can keep the gains, ...

I have never seen any rules. Are there written rules which are easy to understand available at IBTs website?



To: Mark Davis who wrote (1053)1/21/2001 7:25:43 PM
From: Dan Duchardt  Respond to of 9012
 
Mark,

It is my understanding that Nasdaq's "Clearly Erroneous Trades" rules apply only to trades executed on Nasdaq's systems. Nasdaq does not own or operate the ECNs. The only place to get relief or a bad trade executed on an ECN is from the ECN. Most of them have some sort or rule, but they are generally more lax about trades away from the inside market than Nasdaq because many traders willingly use ECNS to trade away from the best market prices.

Dan



To: Mark Davis who wrote (1053)1/22/2001 10:55:28 PM
From: dunlurkin  Respond to of 9012
 
Last summer after Brocade reported, and it was trading at 212, I saw 50 shares offered at 112 on redibook. I figured, well someone is going to hit that so it might as well be me. You never know, someone could have entered the order and gone out to dinner, or be too embarrassed to question the trade, etc. I got to keep the five grand for about 10 minutes.


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