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To: steve goldman who wrote (4013)12/23/1998 10:01:00 AM
From: Jim Lass  Read Replies (1) | Respond to of 4969
 
Repost of RAES question from 12/21:

Also, when I talked with someone at the CBOE today,
I asked about restrictions on the RAES system. I was told
that the RAES was limited to 20 contracts and that the
rules stated that a broker could not break up a customer's
order to make it RAES eligible. Is there any reason why
a customer couldn't break it up when giving it to a broker?
In your example, instead of selling 100 @ 2 3/8, just send
5 consecutive orders of 20 @ 2 1/2 and take the 2 3/8 only if
the MM can change his bid/ask fast enough.