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Non-Tech : Waterhouse Securities -- Ignore unavailable to you. Want to Upgrade?


To: dumbmoney who wrote (786)11/17/1998 9:54:00 PM
From: Dan Swartzendruber  Respond to of 2076
 
<< I haven't experienced this myself, but I would be inclined to believe that the order never left Waterhouse, hence no execution possible. That is, I trust the market maker more than Waterhouse. >>

I think you probably have this backwards. If your order is never filled, waterhouse will not receive a commission, no? OTOH, the MM has every incentive to screw you left, right and sideways, including late fills, low sells and high buys.