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


To: William W. Dwyer, Jr. who wrote (1639)10/29/1998 12:56:00 AM
From: Robert Cohen  Read Replies (2) | Respond to of 7382
 
I have a question re ISLD executions. Is there a difference between Island direct and Island via MBT or any other online firm? I have been led to believe that it is possible to cross any existing order on the ISLD book via ISLD direct, but only the best bid/ask via daytrader broker such as MBT. For example XYZ 30 1/2 bid X 500 GSCO with the best bid on ISLD 30 3/8 X 200. Assume the stock is tanking and I want out now holding 2000 shares. Is it possible to therefore to cross an existing ISLD bid of 30 5/16 X 2000?

Robert