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Re: Brokers



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Sure, all orders are flash filled wherever you trade from, outside orders placed prior
to the open, so what???

Gwenn


Paul Brittian a écrit:

> John and others,
> There most definately are "flash fills" and a customers doesn't have to
> pay more for them.  Perhaps you don't really know what a flash fill is
> or how where the term originates.  A "Flash" is the hand signal used by
> brokers to buy and sell in the pit, they use a setnumber of different
> hand signals because it's too noisy to hear.  When a brokerage calls the
> floor and places a trade, the phone clerk signals the floor broker who
> the executes the trade and reports the fill back to the phone clerk, all
> using hand signals.  The phone clerk then verbally reports the fill to
> the brokerage who were waiting on the phone,  all this took about 15
> seconds.  So there's another FLASH!!!
> Paul Brittain
> John Dundee wrote:
> >
> > There is no such thing as a flash fill. This is just sales hype. All orders must
> > be executed before you are filled.
> > JD
> >
> > mgj@xxxxxxxxxxxx wrote:
> >
> > > >> placing almost all market orders directly into the pits which provides our
> > > clients with flash fills in those markets.<<
> > >
> > > What exactly is a flash fill?  Do guys in the pits get paid more for this type
> > > of trade?
> > >
> > > - Mark