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In a message dated 98-02-13 00:33:59 EST, carisse@xxxxxxxxxxx writes:
> Let's see. I get a signal to buy something, so I (a) reach for the phone (
> b)
> dial my broker (c) wait for the call to connect (d) wait for it to ring in
(
> c)
> if I get through to him, I give him my order (d) he repeats it back to me
(e)
> I
> confirm it (f) he calls it into the floor (e) it eventually gets to some
guy
> dressed like a cheap night-club act, who's waving his arms frantically and
> shouting in a sea of chaos, who eventually may get me filled. As well,
> eventually I'll get a confirmation of my fill.
>
With a good floor broker, we are talking about 20 secs. I've timed it. This
has to be a minor factor when it comes to problems with pulling the trigger.
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