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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading: -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (536)	2/15/1998 4:32:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 769

Why your trading with a brokerage house is only trading in your own brokerage house. Other market makers may never be consulted, even if you are listed in the Island limit book system. Because Island system does not have all the market makers searching for business. Your broker handles your limit orders. The trading desk and clearing house has a copy of the limit orders. The Island system gets a listing to match and perform executions only if limit orders match; but the brokerage can perform the execution by preference at the same price as the limit order and not permit the trade to go elsewhere. Most brokerages prefer to keep the money in house. But sometimes you can negotiate a large order with the trading desk or your broker privately because of your account with them.