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matrix

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matrix

Re: knowlesmsncom post# 67535

Friday, 03/02/2007 6:55:19 AM

Friday, March 02, 2007 6:55:19 AM

Post# of 82841
Hope you realize best execution does not mean an exhaustive search. Per NASD Rule 2320, a broker only needs to contact and obtain quotes from three other broker-dealers (or all if there's three or less) for a stock trading on the grey market.

Whether someone's order sits, is partially filled, or is fully filled depends on which three broker-dealers are contacted, the time, and how frequent your broker checks back. If you guys complain enough, TDA could put CKYS on a restriction list where they won't fill any buy orders.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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