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

To: AlienTech who wrote (1038)	4/16/1999 10:09:00 PM
From: WaveSeeker	Respond to of 2045

Here's why I need to preference a market maker outside of the inside market - it's a common technique. Suppose I want to buy a stock that is running upwards, and I'm too late to get any shares at the current offer price. Assume that there are no Island offers that can be matched electronically. One market maker is only offering 100 shares at the current offer, but I see 2000 shares being offered by another market maker an eighth higher. I am willing to preference that market maker to get the shares at that price (and they usually fill you - that was my experience with MB Trading for example). The problem with ABW is that they do not allow you to preference outside of the inside market - your order gets rejected. Note that this is exactly what is noted in the UltimateTrader user's manual.