Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP Path: utzoo!watmath!clyde!bonnie!akgua!sdcsvax!dcdwest!ittvax!decvax!decwrl!dec-rhea!dec-rex!merrill From: merrill@rex.DEC Newsgroups: net.invest Subject: re: limit orders Message-ID: <514@decwrl.UUCP> Date: Sat, 9-Feb-85 11:57:46 EST Article-I.D.: decwrl.514 Posted: Sat Feb 9 11:57:46 1985 Date-Received: Mon, 11-Feb-85 05:15:03 EST Sender: daemon@decwrl.UUCP Organization: DEC Engineering Network Lines: 10 Some brokers "check" the limits themselves and they usually have to execute a little beyond the target. Big Houses have their own specialists on the Street who check limits and usually execute at or Better than target. Merrill-Lynch limits the time for an open limit order to one month to keep the number of things to check to some managable size. Yes, I would guess that the bigger specialists have computers do a lot of that work for them. Rick