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To: Eric P who wrote (2171)	1/6/1998 8:15:00 PM
From: TFF	Read Replies (1) \| Respond to of 12617

Eric: getting 1 second fills comes from using the right execution system in the right circumstance. Obviously some trades will not get executed in 1 second. There is a definite skill to get good executions. You have two options to achieve good executions: 1) find a firm which sends you directly to the trader who will work your order. 2) use a direct order entry system(Watley,CyberTrader,Castle) and learn to do it yourself.

To: Eric P who wrote (2171)	1/7/1998 2:41:00 AM
From: Morpher	Read Replies (1) \| Respond to of 12617

With stocks like INTC, DELL and CSCO, I have only gotten fills ~30-50% of the time on a SOES order. In the other cases, I assume the marketmaker decided to back off of his quote after the delay and the price drops to the next bid/ask level, cancelling my order. What is probably happening is that one of the ECNs (INCA, ISLD, TNTO, BTRD, or REDI) is on the inside market, not a market maker. ECNs in general are not SOES eligible. You should send a preferenced Selectnet order to them instead of using SOES. Please try it and tell me if it helped.