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To: Eric P who wrote (8870)6/20/1998 8:36:00 PM
From: Rubber Man  Read Replies (2) | Respond to of 16892
 
ISLD moves any partial execution to the back of the orders queue. You will not get hit again till those in front of you (at that price) either get filled completely or filled partially themselves.

Take a look at Gritch(www.isld.com) to see just how it works.

I've had that happen many times to me, that's why I now keep a close watch at Gritch before placing any orders.



To: Eric P who wrote (8870)6/22/1998 2:20:00 AM
From: GS_Wall Street  Respond to of 16892
 
Eric, Island does not make a market. When you see your order leave on level II it is because some one goes in front of you at 1/32 better, Level II will show that as the same price. Once that order gets hits or is canceled your order will reappear. Also Mark player avoid ISLD and other ECN so sometimes you have be the last person left and have the stock trade through you to get 100% filled.


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