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To: kaz who wrote (3605)1/31/1999 4:00:00 PM
From: tom pope  Read Replies (1) | Respond to of 7382
 
kaz, interesting.

Remember, I was the seller. So what you are saying is that somebody put in a bid at 33/64, but it showed as 1/2, but I got the 33/64 because that was the actual price on the book. The advantage to the buyer was that he was the actual high bid on ISLD, even if others are at 1/2. Right?

Then, if I see a bid for 1000 shares at 1/2 on ISLD, and put in a bid for 1000 at 33/64, the book will show two lots of 1000 shares bid at 1/2, but I will get filled before anybody else because I am actually higher?

Best

Tom