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

To: Kimberly Lee who wrote (2893)	12/21/1998 2:33:00 AM
From: scanshift	Read Replies (1) \| Respond to of 7382

"It is this kind of facts and trails of unassailable evidence that shred malicious slanders into pieces." by Kimberly Lee, post 2893 Kimberly, for someone with your trading experience I am surprised that you did not look more carefully at Putnam's detailed explanation as did some other traders before you made your post. Also I do not know why you consider his post unassailable evidence? These points were brought to my attention: 1. Why were the first two attempts made to market makers, when apparently the Island ECN was consistently there with the market makers when each initial attempt to market maker 1 and market maker 2 was made? 2. The 7/8th fill at Redi should not have been a surprise because the stock than printed 25. One question, is why was the limit ever raised? Why did it not stay at 3/4 where it was at the last market maker? Didn't Island still have size at 3/4? 3. Arca has a major flaw if on "three" different occasions it cannot fill against Island. Statistically that is very strange. Also, less than a 1 second turn around time for each Island attempt? Are you sure that Arca generated a realistic limit price for each of its Island attempts (i.e. was not off 1/16th or 1/8th). This brings up the question of competition. As I stated in prior posts, it is not in the best interests of the principals of ARCA to have the #1 ECN, Island, ranked by November volume to Nasdaqtrader.com to do their business. How can Putnam and Townsend be principals of the Archipelago/Terra Nova ECN and then be principals in an ARCA order system that is going to be "impartial" to where trades are directed? 4. You seem to be well informed. Is Southwest having problems as a clearing firm. This newsgroup was brought to my attention, one that I had not seen before. Most of the focus is on MBTrading's problems with Southwest. elitetrader.com I truly appreciate everyone's private posts and am grateful for your support. I was interested in watching Globex S&P 500 action at this time of the night given the impeachment, day after a triple witching, and end of the war, but so far tonight it was a minimal range.