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: Dan Duchardt who wrote (2272)	4/2/1999 4:55:00 PM
From: Chas	Read Replies (1) \| Respond to of 3216

Dan, You are entirely correct until you get to your last sentence. Please note that I made the distinction between SOES, SelectNet and ECN's. They are not violating the rules by imposing absolutely no time restrictions on SelectNet and ECN orders. If one had a position larger than the SOES tier limit and wanted out he would want to avoid a SOES order with CyberBroker as he would have no way to close the position for another five minutes. If you used a Smart Market order you would have to set it to make sure SOES is not a part of the routing. It is not the CyberTrader software but the broker that interprets the SOES rules. I have been in trading offices that use CyberTrader software with no restrictions on SelectNet and ECN's after a SOES order.