Replies to post #106812 on Potnetwork Holdings Inc. (fka POTN)

[Carm060606]

Is this good or bad?

[ShaneO19]

I had similar issues with TD Ameritrade. I sent them an email and got this response:



Thank you for contacting TD Ameritrade. We truly appreciate this opportunity to assist you. One common misconception regarding OTC equity securities is assuming they trade just like listed stocks (i.e. NYSE, NASDAQ, etc.). Dealers for OTC equity securities don't use the same trading and communication technology dealers for listed securities use. The more manual systems used by OTC equity dealers can lead to significant lag times in quotes and executions. This is especially true in the first several minutes after market open, and when a security begins trading higher than average volumes. During these times an order entered at the quote might not fill due to a queue of orders entered before that order, and/or orders entered at more aggressive prices.

Regulations do prohibit OTC security dealers from trading ahead of orders in their own book. However, this does not prevent a different dealer from trading at, or even through an order at another dealer. Therefore, at times you may see trades above and below your limit price while your order remains open. Factors leading to a trade printing through your price may include, but are not limited to, volatility, pressure on inter-dealer communications, the size and type of the transaction, and the accessibility of markets and quotation sources.

Your order does not meet the minimum size requirement for reflection, when an order is not reflected it doe nto have trade through protection.

Here are the reflections size requirements for OTCBB stocks

Price(Bid or offer) Min Quote size
$0.0001 to $0.0999 10,000
$0.10 to $0.1999 5,000
$0.20 to $.5099 2,500
$.51 to $0.9999 1,000
$1.00 to 174.99 100
$175.00+ 1

Partial fill are part of trading and do occurr rather regularly, the only way to avoid a partial execution is by using an AON (all or none) restriction on your order.

All or None (AON) - Choosing all or none (AON) indicates that you want your order to be executed in its entirety or not at all. Please note: AON orders have the lowest priority in the market. AON orders cannot be reflected as part of the quote and therefore do not have trade through protection.

If you have any questions or concerns, please respond to this email or contact a Client Services representative at 800-669-3900. We are available 24 hours a day, seven days a week.

Thank you and have a great day,

Jon Fye
Trade Resolution, TD AMERITRADE
Division of TD AMERITRADE, Inc.

[Jocynda]

That was probably mine. I got in at .071. 11800 tho, I put my order in Friday good til cancel lol