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: scanshift who wrote (2945)	12/28/1998 7:28:00 PM
From: bobsrb	Read Replies (1) \| Respond to of 7382

Scanshift,before you appeared,this was very interesting and pleasant place to visit .Look like you chased everyone away.Put this in your resume for the next job.Bob.

To: scanshift who wrote (2945)	12/28/1998 8:29:00 PM
From: Kimberly Lee	Read Replies (1) \| Respond to of 7382

scan, sorry for my tardiness, I have been trading the 2nd and 3rd highflying net stocks furiously in the last few days. Now I can sit down and take some time to examine the chronology of events in Tom Pope's 2 minute ARCA market order. <<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?>> According to Tom, when he placed the order, the inside bid was 24 7/8. I have trouble understanding why ARCA preferenced ROCK with 25 instead of 24 7/8. Moreover, as you said, ISLD is much faster than SNET preference so it would make sense to scan the ISLD book first. In fact, I would scan the ISLD, REDIPlus and Brass books (prior to preference any mms on the inside) first since they are all very speedy ECNs. INCA is usually much slower but ARCA can still scan it and see if there is a match. As well, it may not be a bad idea to scan BTRD, ATTN and STRIKE, either. 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? Looks like a programming oversight with ARCA. I would like to think that ARCA was able to scan REDI and raised the limit to hit the bid at 7/8, hoping that the Reserve size at 7/8 was more than 300. But it certainly should have lower the limit back to 3/4 the moment REDI ECN said "300 at 7/8, no reserve." 3. Yes, ARCA appears an antiquated system, judging from what happened in this transaction. My feeling is that it should be able to quickly scan fast ECNs like ISLD, REDI, BRUT every 5 or 10 seconds, even when the order is being held up by a preferenced MM in the last 20 seconds, just so it would be prepared to hit the proper ECN the moment the MM rejects the preference. Will look at it again some other times. Thanks for your thoughtful and thought provoking posts. Kimberly

To: scanshift who wrote (2945)	1/2/1999 6:35:00 PM
From: Coyoti	Read Replies (1) \| Respond to of 7382

Heads Up Just received this message....thought i might pass it along, fwiw CNN stated that the Government would in two weeks time decide to allow or not allow a Charge to your phone bill equal to a long distance call each time you access the internet. The address is house.gov Please visit the address above and fill out the necessary form! This is not a joke....but REAL.. We all were aware that the Government has been pressured by the telephone companies to consider such a charge and now it's reality..... If EACH one of us, forward this message on to others in a hurry, we may be able to prevent this injustice from happening! Evidently, this is for real.... Please take the time and visit the url address and follow the instructions... Your vote may make a BIG difference..... None of us should be charged a long distance call each time we access the Internet.... In addition, please forward this to all your friends and relatives that also access the Internet.. Dorothy Unterholzner Kuriakos Alaskan Malamutes and Shiba Inu. ICQ 10687477 foothill.net Irish proverb: May those that love us, love us, and those who don't love us, may God turn their hearts. If He can't turn their hearts, may he turn their ankles so we will know them by their limping. Happy 1999 everyone!