Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Level II Trading -- Ignore unavailable to you. Want to Upgrade?

To: Morpher who wrote (367)	3/15/1998 2:49:00 AM
From: Jack Zahran	Read Replies (1) \| Respond to of 1086

it would actually be beneficial to your order since it would increase the probability of the fill. I don't think I understand your point. I believe just because an order is represented on Island, it doesn't mean that it will be allowed to fill through Island. I think what is happening is that orders are being represented but held up until the brokers in-house traders get a chance to make a legal profit for the house. This can only make it harder for you to fill at the best prices. That's not Datek's fault I never said it was their fault, just an industry-wide practice. I do think that some of those prints you see are between MM's and orders on ECN's get a lower priority. The best a daytrader can ask for is control of his own order flow. When you place your order, you select your own preferences. Your not going to get this from a discount trader.