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

To: Dominick who wrote (8847)	3/21/2001 8:57:07 AM
From: LPS5	Read Replies (1) \| Respond to of 12617

Hey Dom, The crossing times indicate the start of a five minute window - a time window in which once, in each stock, the cross of aggregate buy and sell interest is executed at the midspread of the market at that randomly selected instant. So for a fictional "9:00 cross" in stock XYZ, the cross (and ensuing print) could occur anywhere between 9:00:01 to 9:04:59. If the XYZ market was $20 x $20.25 at 9:00, but at the randomly selected moment in the crossing window the market was $20 x $21, the print of XYZ would take place at $20 1/2. LPS5