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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (7245)	5/16/1999 12:11:00 PM
From: Eric P	Read Replies (1) \| Respond to of 12617

Gary: Thanks for the response. For clarification, when Fidelity's market maker is set to autoexecute, how long does it take for your order to execute? 2 seconds? 5 seconds? Longer? Assume you want to buy a stock that is 90 bid and 90 1/8 ask. Do you place a market buy, or a buy limit at 90 1/8? Thanks, -Eric

To: Gary Korn who wrote (7245)	5/16/1999 12:26:00 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 12617

As for the NASD fills, I'm using Fidelity, which sends to 1 MM, typically in-house, and which instantaneously fills out of inventory at the current ASK so long as auto-exec is enabled So this is the secret ingredient in your arsenal. If you can be assured of getting filled at the current bid or ask without having to depend on a good spot in the SOES queue, or being at the mercy of the MMs with SelectNet, you are doing great. I'm real interested in hearing your reply to Eric's question.