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Read my post again. I said limit orders. I said nothing about market orders.
Market orders are Selectnet broadcast. I used the Express page which needs no
confirm. If you're serious about trading, you have to make the effort to find
out how your chosen system works.
In a message dated 4/30/99 7:57:04 AM Pacific Daylight Time,
jallen7@xxxxxxxxxxxxx writes:
> Experience suggests otherwise. One has to type in the order, then send it,
> then fill in the super-secret password, then wait while that goes through.
> 20
> minutes to get a market order filled?? I don't recall ever seeing a fill
in
> less than 30 seconds and most of the time longer than that... if you're
> doing
> it, great, but we never could get it to work that way.
>
> Jim Allen
>
> Sigstroker@xxxxxxx wrote:
>
> > 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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