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sevenOdouble

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sevenOdouble

Re: jcwillis post# 55

Friday, 09/28/2012 10:08:20 PM

Friday, September 28, 2012 10:08:20 PM

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Thanks bro. This an email excerpt from another broker of someone I know that asked his broker USAA, & they said:

"While there isn't a quoted bid and ask, there still is sort of a bid and ask.
If someone is bidding .50, highest bid still gets the trade, so no undercutting for .01's. Same with the ask, you cant really spam the ask with a really high priced trade when there is a lower ask.

Matched trades execute, (quantity and price). limit orders only."


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