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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: mfseasy who wrote (1251)	1/22/1999 2:38:00 AM
From: Madpinto	Respond to of 2241

Michael, what is RAES? RAES stands for the retail automated execution system (i think), and it is an electronic way of executing orders. It is the reason you receive a prompt report from your broker. The order gets "assigned" to a random market maker in the crowd if the buy order matches the offer or the sell order matches the bid. It is a great system for customers who trade 10 contracts or less. In a fast market, raes usually gets turned off because the markets can't be updated fast enough.