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To: Art Bechhoefer who wrote (129926)	6/26/2003 2:00:37 PM
From: Elroy	Respond to of 152472

I know that is correct for Nasdaq, but I don't think the NYSE has to honor best price unless the specialist's OFFER price gets to my bid. In other word, if the specialist's market is $20.23 at $20.27 and I have a buy order in at $20.24, I think (but am not sure) that he can accept all the market sell orders he wants at his $20.23 bid and not fill me until his own offer gets to $20.24. I'm not sure about that however, but that is how it was explained to me in disputes with the same broker years ago. Elroy