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

To: timers who wrote (4262)	3/12/1999 12:15:00 PM
From: William W. Dwyer, Jr.	Respond to of 7382

I do not have ARCA and really am not qualified to discuss it. Maybe someone who has it can comment with more credibility than me.

To: timers who wrote (4262)	3/12/1999 12:37:00 PM
From: Bill Green	Read Replies (2) \| Respond to of 7382

You can offer below best bid on arca and it will automatically pref each mm for the size they are showing after hitting the ecn's. So say we have on the bid ISLD 3/4 500 GSCO 11/16 500 MONT 5/8 300 and you are selling 1200. If you offered out at 5/8 arca will hit isld first for 500 then snet pref GCSO for 500 and at the same time snet pref MONT for 200. However if someone beats you too it you will get partials. Also the mm's have some time to refresh there bid after filling (15 or 30 sec's, not sure) so they may pull their bid without filling you, more partials. Much better to try and avoid selling in desperation and sell on the offer to someone who wants your shares as the price is moving up. Hope this helps Bill