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Say what?? Delayed while a computer checks your password? Like for a
hundredth of a second? Nasdaq limit orders are either instantly filled or
posted on ISLD, the most liquid ECN there is. Unless they're having system
problems, it's all accomplished in 5 to 10 seconds.
In a message dated 4/29/99 3:02:27 PM Pacific Daylight Time,
jallen7@xxxxxxxxxxxxx writes:
> Your orders are routed to their trade desks, not directly to the floor,
> so they can screw you on the fill, I believe. Every order is delayed
> while the computer checks your password, which you must enter each
> order, and status of your account. For active traders this is
> unacceptable.
>
> It's for amateurs, not professional traders.
>
> Jim Allen
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