|
PureBytes Links
Trading Reference Links
|
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
|