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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: Walkingshadow who wrote (5505)	2/27/2005 10:50:40 PM
From: Jill	Read Replies (1) \| Respond to of 8752

Yeah, come to think of it, I was doing that in my IB account only. (MSFT). Not sure how well it would go with Scottrade. IB was actually a little cheaper per trade. Scottrade has occasionally given me better than ask on stocks (not options). Do you ever do market orders? I never do and I rarely even place GTC--but if I do, its a limit order for something I want to pick up cheaper.

To: Walkingshadow who wrote (5505)	2/28/2005 6:48:31 AM
From: Vendit™	Read Replies (1) \| Respond to of 8752

<< options are driven from the “pit” and not from trader / broker / trader. >> Yes. The tail does not wag the dog. That said, as Jill implied, there are ways to get good options executions through brokers that have seats directly in the pits. In that circumstance, usually you can step in front of the inside bid/ask and get hit quickly. I understand and agree. Some brokers have “the man/woman” in the pit and if you use that broker your order gets pushed ahead. If you use a broker who does not have a rep in the pit then your non rep broker will place your order on in line so execution is slow. It is important to know your broker. Reid