Question for the board: When it comes to filling an order on the AMEX, are there specific rules governing the priority of one order over another?
For example, I placed a limit order to purchase shares at .49 at 12:35 ET. I did not receive a nibble until I got a partial fill at 14:38 ET for 600 shares. Another order then appeared to be filled on L2 for 20,000 shares at .49 at 14:48 and yet my order for the remaining shares is still open.
Does the specialist pick and choose which blocks to fill rather than using the baasis of first come, first served?
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