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To: Eric P who wrote (2326)1/11/1998 10:30:00 AM
From: Eric P  Respond to of 12617
 
Can anyone help with this question?

My account is with Castle, and I often use the Island for placing limit orders. I realize that my limit orders cannot be executed against by a SOES order from a trader at Castle, or Watley, etc.

However, Datek and Watcher/Broadway own and operate the Island system... ==> Can the SOES orders of their customers be executed against an Island limit order at the inside bid/ask (i.e. my order)?

-Eric



To: Eric P who wrote (2326)1/11/1998 7:58:00 PM
From: dpl  Respond to of 12617
 
Eric,the system I use has evolved over 25 years.You can say it has been backtested that long.Another point.How far you backtest is not as important as testing over all kinds of market conditions and seeing how it did at those extreme times like 1987 etc.

David


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