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


To: wily who wrote (2111)11/25/1998 9:08:00 PM
From: scanshift  Read Replies (1) | Respond to of 7382
 
When using ARCA, why is Archipelago holding the order prior to it then going to the other ECN's. Trying to pump volume into Archipelago is not serving the best interests of users of ARCA, but is serving the best interest of Putnam and Townsend, the owners of Archipelago. It also allows for Terra Nova, the broker dealer, to cross against that order if they want to for their own account.