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trding

10/05/17 4:41 PM

#15466 RE: jobynimble #15464

Thanks, I was not looking at the ask. I changed the bid to .1075 so the example works.

This is also why partial fills stink, if you have a 10k bid and only 5k gets filled, a lot of times the mm will drop your remaining bid for 5k off the public l2. What sucks even worse is if your bid of 10k gets hit for the full amount, but the mm keeps 5000 as their first dib shares, then they drop your bid off l2. Happens to me with a lot, partial bid left, I usually just end up having to cancel bid with the remainder of shares left unfilled.

123boom

10/05/17 5:02 PM

#15468 RE: jobynimble #15464

You seem pretty interesting are you going to get involved or what?

manfromjax

10/05/17 5:43 PM

#15475 RE: jobynimble #15464

Well, I think you both are right.
I trade with TD America
From your two examples,
Now I finally see what is happening on "their" provided L2 streamer.

Usually when I place a Bid with TDA
it will show up first with their Bid account number (or whatever it is called) on the L2.
Then I usually see the Bid show up again as "CDEL" or such.

On this bid today (and I have noticed it the past) ONLY showed up on L2 with their accounting number and No CDEL showed up.

So, my bid wasn't passed on, as you say.

I had two bids from two different accounts and neither of them got passed.

And yes, when I do Bid at the Ask, it gets filled immediately.
But even that is sometimes Not true, if it is a rapidly trading stock.