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

To: tom pope who wrote (4833)	6/1/1999 2:30:00 PM
From: -	Read Replies (1) \| Respond to of 7382

<whereas ARCA goes out and hits the best offer via selectnet. > Tom, I would never use a market order with ARCA... by using a limit order near the bid, you're preventing it from doing that sort of thing, that is just "hitting" (taking) the best selectnet offer. I'm looking to BE hit (on my bid), not take an offer. Even with auto-preferencing, they've got to be hungry!

To: tom pope who wrote (4833)	6/3/1999 8:36:00 PM
From: scanshift	Read Replies (1) \| Respond to of 7382

I know the answer, but you may want to find it out independently yourself. Do you think ISLD end's up filling a significant quantity of the "ARCA routed" volume on a monthly basis? When you find out the truth, by contacting ISLD directly, maybe you will realize that ISLD should have be even a bigger focus of your attention on your high volume stocks. The time factor of when the ARCA routed order makes it to ISLD should also give you something to ponder? How many chances will that order try to match an internal ARCA order that may show up after your order was routed, before your order ultimately gets filled? Bottom line, what are your thoughts regarding the fact that your ARCA routed order is completed a significant quantity of time at ISLD.