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 : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: Tai Jin who wrote (11567)	4/9/1999 10:16:00 PM
From: nick nelson	Read Replies (1) \| Respond to of 16892

Interesting follow-up posted by Morpher electronic-traders.org tai, I saw this today on the Island book viewer order info popup. Perhaps someone could comment on which has priority? I had an NBBO for SESI (4300 @ 3 5/16(bid))... time of entry about 3:30. At 3:40(later) someone entered on to ISLD a matching bid of SESI 1000 @ 3 5/16. The second order(later entry) was shoved ahead of my NBBO... I assume it was to be executed first. It was NOT reflected in the NBBO bid size.... my original order still was the MAX size represented. I looked at the little popup on the LATER order entry - it apparently came from a MM away from Datek - TIF was 00:05:00 minutes. Is this just another way to trade around the NBBO - any MM with a Island affiliation can place a matching price, but shorter TIF, and it becomes 'last-in, first-out' on Island? TIA, n