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Non-Tech : A.B. WATLEY - THE ULTIMATE TRADER! -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (914)	4/8/1999 6:06:00 AM
From: wily	Read Replies (2) \| Respond to of 2045

Gary, I see you've found another alternative, in the Nasdaq button, that I overlooked. I gave up on that one a long time ago when it failed for me in a very fast (IPO) market, but maybe I should consider it again for less extreme markets. Good luck with your experiments, and I hope to hear what you figure out. also, if Fidelity is that good, maybe I'll follow you over there... wily

To: Gary Korn who wrote (914)	4/8/1999 6:23:00 AM
From: wily	Respond to of 2045

Oh, I was also going to mention another twist in the ISLD saga. I had first noticed the "problem" in situations like this: NMGC BID MASH 10 1/8 1000 NITE 10 1/8 1000 ISLD 10 1/8 500 You enter an order to sell 1000 NMGC @ 10 1/8. You get filled immediately for 500 and the remainder of your order is immediately cancelled. The reason for this is that it would lock the market. If the situation had been this: ISLD 10 1/8 500 MASH 10 1000 you would have been filled for the 500, but then the remainder would have been posted on the offer and would stay there until you either were filled or canceled it yourself, because it didn't lock the market. Now, it turns out there is something called "subscription only" Isand orders. In this scenario, the first example would result in your order staying live on the Island book but not displaying as a Nasdaq order on level II. I believe Datek customers have this functionality (this is just a guess) and that it is possible for other firms to get it: CyberTrader says they are negotiating for it now with the Island people. Sorry if this is old news, wily