Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Verbal who wrote (2799)	12/19/1998 12:22:00 AM
From: Jim Sanders	Read Replies (2) \| Respond to of 7382

Tim, ISLD will not kill your order unless YOU are locking the market and trying to get filled against another ISLD order that is smaller than your order. For example, the market in DELL is 67 x 67 1/16, and you want to sell 1000 DELL, and there is 500 bid on ISLD. If you hit the ISLD bid you are going to sell 500 DELL, and the remainder of your order will be killed because ISLD cannot lock the market except against another ISLD order. Since only 500 DELL was being bid, the remainder of your order is killed. The same is true whether you are hitting the bid or taking the offer. On the other hand, if you put out your 1000 DELL on the offer with ISLD, and another ISLD user takes your offer for say only 400 DELL, your remaining 600 shares of DELL remains live.