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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: Scott who wrote (18)	4/5/1998 4:55:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 7382

Scott, I have only been using MB Trading for 3 days, so this may be a case of the ' blind leading the blind ' but here is what I think. I believe that BBO means, if you selling you are entering you order at the price of the best ask, if you are buying you are entering an order at the best bid. I have been using MKT orders on SOES (spread usually 1/16 th) as this puts me ahead of any limit orders that anyone else enters at the same time. Nothing wrong with using an ECN limit order to try to improve your price as long as the market isn't moving too fast. Sorry, I have no experience with listed orders or MB paperwork yet. I am sure someone else will comment. But overall I am happy with MB. :-)) John