Replies to post #4212 on Investor Help (NO Ihub questions)

[Sheeple O Plenty]

To answer your questions:

Does this place you at the front of the line

No. The Front of the line is according to size. The market maker with the biggest total block will line up first, and their client with the biggest internal block will be first in their sale.

Also I've placed LARGE buy/sell orders and both bid and ask prices but the size of the bid/ask has not changed. Why is that?

There could be several reasons for this, but the most common is that the Market Maker that your broker routed the buy/sell order to had other orders that were higher or lower so yours did not show. For example lets say the BID side of a stock looks like this:

NITE 5,000,000 shares at .001
CDEL 8,999,000 shares at .0009
ETRF 1,333,999 shares at .0008

Now you want to bid .0009 for 10,000,000 shares but your broker routes through NITE. Since they have a bid that is higher in price than yours, you will not show on Level 2 until that bid is either filled or removed.

The same thing happens with ASK side, if NITE is selling at .0015 and you put a sale in for .0017 yours will not show until the .0015 is either sold or removed.

Hope this helps without confusing.

[cintrix]

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.