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Re: whywilson post# 4212

Wednesday, 11/04/2015 7:08:53 PM

Wednesday, November 04, 2015 7:08:53 PM

Post# of 6237
In answer to your first question. The orders are supposed to be filled in a first come first served. So if you were the first to place an order at a certain price you should theoretically be the first to get it filled if and when it hits. I say "theoretically" because it doesn't always happen that way. I have seen many times where I place an order, I can see it is mine by the size and the mm, and then somehow the price hits a few times and I don't get filled.

Your second question is answered in Ihubs level II description:

Why isn't my order shown on Level II?

On the Pink Sheets and OTCBB, market makers are not obligated to show your order. While they most likely will show you order -- especially in fast-moving stocks -- they are not required to do so. Market makers need to make a profit and they often do it on the spread -- the difference in what they buy the stock from you at and then sell it. You may have an order in to buy at .091, but only .09 is shown by the market maker. The market maker is attempting to get someone to sell to him at .09, then will instantly sell it to you at .091 for a .001 spread (profit) to the market maker. This is a simple scenario and occurs on the sell-side, as well. There's other reasons that your exact order might not be shown (size of order not big enough, etc), but this is the main one.

http://learn.advfn.com/index.php?title=Level_II

And yes to the third.

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