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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: Peter V who wrote (4549)6/3/1999 5:44:00 PM
From: Esteban  Respond to of 4969
 
On the listed exchanges, the last price has to uptick, not the bid. Your order can fill if the last price is after an uptick, or causes an uptick, regardless of the condition of the bid. So if the bid is on an uptick and the last price also upticks to the bid, you should get an automatic fill at the bid. Most other situations depend on filling above the bid and are based on the priority of your order.



To: Peter V who wrote (4549)6/3/1999 9:26:00 PM
From: steve goldman  Read Replies (2) | Respond to of 4969
 
A few things:
Listed stocks deal with ticks. You need an uptick which is based on the listed exchange, not third markets. NYSE stocks must print on upticks from NYSE prints..
Thus prints are based on nyse prints, not third market prints.
NASD is based on bids..must sell on upbid or 1/16 or better than downbid.
market order is irrelevant, you need the necessary ticks.
the best thing to do is look at a times and sales screen. ifyou hafe this available, post it up here and i will walk everyone through it.

regards,
Steve@yamner.com