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To: ernie de la fuente who wrote (3138)2/27/1998 8:41:00 PM
From: Grupo Brad  Respond to of 19331
 
Ernie,
I'm outta' my mind with AMERITRADE. I have been waiting on a callback for several hours, Guess I didn't get filled!!! And guess what---I got -crewed!! I'll get em' in the A.M. (Hopefully!) (gg)
"Grupo Brad de Don't Want 2 Tell U Man"

EDIT---Make that Monday A.M.



To: ernie de la fuente who wrote (3138)2/27/1998 9:07:00 PM
From: Pr-Ac Man  Read Replies (1) | Respond to of 19331
 
Ernie:

That's an interesting point, and I would very much like to know the answer myself. I hope one of our resident experts can fill us in. Certainly, makes sense. If the stock drops to lows that it hasn't seen in sometime, we can assume that there are unfilled limit orders stockpiled and waiting. But what protocol the MM's must follow in filling those orders is the key.

PA



To: ernie de la fuente who wrote (3138)2/27/1998 10:06:00 PM
From: Bayclipper  Respond to of 19331
 
Ernie, several years ago, over on Prodigy this issue was discussed. As I recall it, yes, there is a "pecking order" regarding the fufillment of stock transfer. Some examples that were given, (from memory), included how dated your order is versus another, the size of the block being traded, if the order is a day order...v. gtc, etc.
Although I can remember some of the variables, unfortunately I cannot remember which takes precedence. Maybe NYSEbob can offer some insight? I know from personal experience that orders I have had in multiple accounts for buys of the same issue have generally been executed in the order they were placed....through NDB anyway.
Gordon