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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: wallyam who wrote (3889)	12/1/1998 9:29:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

Amazing stuff....i generally call around to some of my favoriate market makers, freinds at various firms, etc. to get an idea of how busy/capable various firms will be at the open. All OTC business must go through market makers, its just how you do it. This was an email that one of my buddies forward to me. The mm was emailing firms this.... "due to recent volatility in internet issues please understand that all orders are on a "best execution/best efforts" basis. All internet stocks, options and indices are considered fast market conditions. **Well.. its simple! you don't use that market maker, you dont waste time call them, selectneting them, using auto-ex system with them, forget them. Thats why you need to have as many options as possible. We have over 22 execution systems, about five different venues for auto-ex trades, etc. Yet even with all that, i probably had to rotate through about 5 or 6 of them to get the fills we needed. Regards, Steve@yamner.com