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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: tom pope who wrote (3900)2/15/1999 11:52:00 AM
From: Dan Swartzendruber  Respond to of 7382
 
It's not a big deal, but I am intrigued by a system that consistently gives such odd fills, and wonder what the design is that leads to these fills - I once got a fill, within nanoseconds, of 156, 156, 156 and 532. I don't believe there could have 3 traders with exactly 156 shares to buy or sell?

That is kind of strange. OTOH, I can't imagine why ISLD would have deliberately done this on purpose. It might (remotely) have been 3 different small investors who had $3000 (or whatever) in a stock and were dumping it. There are a number of asset allocation systems I have seen that involve divvying up your $$$ among 5, 10, 20 (whatever) different stocks, even if that means you end up with 156 of one, 22 of AOL, 19 of AMZN, etc. I have never seen what you have, but I have gotten partials of 47 shares (while trying to buy 1000!)




To: tom pope who wrote (3900)2/15/1999 2:52:00 PM
From: Dave O.  Read Replies (1) | Respond to of 7382
 
< Regarding ISLD fills of 63 shares >

I think at times it's MM's trying to get ISLD out of the way. And they hit the ISLD for a couple shares knowing that the remainder will cancel, at least momentarily. I've seen fills of 1 share, 6 shares, etc. and not on some high priced stock, but on a $50 stock.

Dave