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枫下家园 / 理财投资税务 / can somebody answer me? thanks in advance.Today, I placed a order in TD waterhouse, sell BRCD 500 shares at limited order 26.52$, at 1pm. TD told me they route their order at a market maker, name is Knight,
About 1.21 I saw level ii, there matched 100 shares at 26.55; 100 shares at 26.54; 35000at 26.53, and more at 26.52. but my order not matched, actually I didn't see 26.52 at bid list. I called TD they say it's legal,but I still want to figure out what is the problem, I will appreciate somebody answer my question,thanks.
buddy
-buddyfox(BUDDYFOX);
2001-8-24
{496}
(#178530@0)
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your sell is OTCyour sell is OTC( over the counter) order . It is nothing to do with MM. The
TDW ( as any other on line brokage) make your money twice : 1. by commision 2. by the price spread.
so, you would not see you bid on level II. TWE buy block and sell you
for retail.
hong
I think so, but I might be wrong
-downtown1(UofT);
2001-8-24
{312}
(#178592@0)
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有问题TDW是不会吃你的spread的，只有mm才有这个资格。
knight只是众多ecn中的一个，你看到的价格不是knight的价格，不成交也是很正常的，不过如果行情显示ask price在26.53或者以上，就有点问题了。
-oasis(oasis);
2001-8-24
{180}
(#178608@0)
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RE: 不过如果行情显示ask price在26.53或者以上，就有点问题了。I think you are talking about the bid price 26.53....?? Am I right ?
-downtown1(UofT);
2001-8-24
{68}
(#178621@0)
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thanks
-buddyfox(BUDDYFOX);
2001-8-26
{759}
(#179863@0)
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plus, if you insist to get the history for bid , you can get it.the braokerage all have this knid of access, however my advise is not bother to do that since the reason of Nasdaq been a dealer market.
-banker(financial advisor);
2001-8-28
{136}
(#181915@0)
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my friend: when you trade stock on Nasdaqplease realise it's adealer market. you may see stock price go pass the price you set to sell/buy, however those trades may just happen between dealers, so there is no guarantee you will get a fill. it's different on NYSE, NYSE is an auction market.
-banker(financial advisor);
2001-8-28
{251}
(#181913@0)