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Online OEX market orders should be routed through
the RAES system and if at the money or near by and less than 20 contracts should
fill within seconds at the quoted bid/ask. When MM's agree to fill RAES
orders they also guarantee the price for X contracts at the quoted price, used
to be 20 contracts, may be more now. The gotcha on RAES is it
automatically increments or decrements untouched by human hands if there is
fast sequential orderflow, even if the OEX isn't budging. It is programmed
to simulate supply and demand pricing. It is backed by smart adaptive
software. Limit orders go another route and take longer.
bobr
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
ketayun
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Wednesday, June 11, 2003 10:23
AM
Subject: Re: [RT] Option fills
Earl,Thanks. I will go back to market orders/smart
routingKateTo
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