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

To: Jim Sanders who wrote (2844)	12/19/1998 8:07:00 AM
From: Dan Swartzendruber	Read Replies (2) \| Respond to of 7382

Thanks, Jim. I reread the referenced article. This (and your post) confirms my experience. I have had a 1000-share bid/offer filled in 3 partials on ISLD. I have also had a couple split&die. Didn't know enough at the time to check the island book and see if there were no more shares there. I guess I'm not worried about JPR using Island in atomic mode.

To: Jim Sanders who wrote (2844)	12/19/1998 3:46:00 PM
From: Colin Cody	Read Replies (1) \| Respond to of 7382

Jim, Re your DELL 67 by 67.0625 example. Are you saying that if ISLD has 500 shares bid at 67 and I want to sell 1,000 shares at 67 that I'll get the 500 shares only, and a CANCEL on the balance??? I believe that's what you have said would happen. Conversly: the quote is again 67 by 67.0625 and NITE and MASH are the ONLY ones on the bid. I want to sell 1,000 @ 67. Are you saying my entire order is killed? If not why not? (in light of the above example and the prohibition against a "locked market" that you mentioned). And finally if the quote is 67 by 67.0625 and I place an ISLD order to sell at 66.875. What happens with this? why? And one last one (g) Yesterday I placed this ISLD order and it was rejected: Sell 400 ONSL @ Market. Why might it have been rejected? I am guessing it was because ISLD does not accept market orders? When I changed it from "market" to the current bid price the order was executed in 3 seconds! Colin