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

To: jebj who wrote (2312)	4/8/1999 9:46:00 PM
From: FredM	Read Replies (1) \| Respond to of 3216

here's a couple general order execution questions: What's is everyone's opinion of the "smart" and "cybersmart" order executions. I've been using cybersmart executions for a little while now. Limit Orders Only... I'm still kinda scared to try a cybersmart market order because the cybertrader documents don't say how fast the order will be adusted (by a teenie at a time)... Today, I had a tough time getting filled in some fast stocks. Also, got caught without enough momentum and took a big 2 point loss on a stock. Ouch... I've got a good, fast cable connection with great ping rates. So I know latency isn't the problem here... Anyway, does anyone have opinions about "smart" execution vs. manually deciding how to place the order? How about "delta" executions? I understand that this is for Snet orders only? Is there a better way to jump in front of everyone else (i.e. ISLD)? How about using ISLD and SOES in a FAST moving stock? SOES seems to be a bad thing, since the MM has probably already been hit... ISLD is very fast, but what about locking/crossing problems. I'm sure everyone has good opinions about order execution. I'd love to hear what you think... Also, it's my understanding that on Monday (4/12), CyberCorp, is going to have a new execution method (called "cyberxchange" - aka "SuperECN"). Maybe this new "CORE" system will simply intelligent order execution. Obviously, cybercorp has recognized a need for better executions. Fred Martin