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 : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: William W. Dwyer, Jr. who wrote (1790)	1/30/1999 2:29:00 AM
From: wily	Read Replies (1) \| Respond to of 3216

Bill, That sounds like a very nice feature in CyberTrader to be able to choose which ECNS your order goes to through "smart keys". The big hangup I think using a routing system like that or ARCA in a fast market is getting stuck on MM's that have already filled at your price, so you are just waiting for the system to cancel your order. Any waiting at all is going to mess you up. So, you are better off just leaving MM's out of the picture if you are going to try it at all (seems to me). Now it occurs to me that the same thing could happen with ECN's, since smart keys and ARCA are taking your order through SNET and you are subject to the Nasdaq rules for cancelling (10 sec wait). ISLD starting to look like the only option (other than not chasing). Regarding ARCA displaying your unfilled portion at your limit on TNTO: I like this feature but really don't know how much advantage it provides over your order being live but not displayed. It might actually be the opposite in a reverse-psychology kind of way. I wonder why Cyber doesn't have their own ECN? Probably in the works... wily

To: William W. Dwyer, Jr. who wrote (1790)	1/30/1999 4:46:00 AM
From: wily	Read Replies (1) \| Respond to of 3216

>>By the way, I just noticed that in CyBer's "demo mode," one has the ability to lock or cross the market with ISLD. Not very realistic. It's difficult to really experiment in Demo Mode because it allows you to do lots of things you could never do in a real market.<< I've never tried paper trading (except with real money), and I've recently noticed how people are wising up to this. Seems to be more of a marketing ploy than something educational. The best route is to trade small and do a lot of watching IMO. (Of course I started out trading HUGE <G>). wily