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To: Rubber Man who wrote (8871)6/21/1998 1:50:00 PM
From: Marc D.  Read Replies (1) | 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.

If you read the ISLD specs (on the www.isld.com site), it says this was supposed to be fixed(as of late last year).

I haven't been hit since then by 1 share just so the person behind me on ISLD could get priority over me, but it has seemed that if a new offer is posted in the time it takes them to re-post mine after a partial, I lose priority.

Marc



To: Rubber Man who wrote (8871)6/28/1998 1:40:00 PM
From: Len  Read Replies (1) | Respond to of 16892
 
>>>ISLD moves any partial execution to the back of the orders queue.<<<

Actually, Josh said somewhere on his thread (Island ECN) that this was not the case. He said that after a partial fill, the balance of the order stays at the front of the queue.

But then again, how much faith can you put in anything that group ( Citron, Stern, Levine) says??


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