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

To: bobby is sleepless in seattle who wrote (4288)	3/13/1999 12:20:00 PM
From: wily	Read Replies (1) \| Respond to of 7382

>>When best bid/ask happens to be arca on level 2, why does it not show on level one, or the market minder window?<< With ARCA you can place an order outside of the spread (eg. bid higher than the ask), in which case you will see "archip" on Level II. This means that ARCA is busy hitting the best available offers, and the archip bid is still crossing the market. If the ARCA order is still unfilled when it is no longer crossing or locking the market, then you will see an accompanying TNTO quote, and it will then display on Level I.