Arthur Levitt Order Quotations

Although the Internet makes it seem as if you have a direct connection to the securities market, you don't. Lines may clog; systems may break; orders may back-up.

One way for investors to protect themselves from a rapid change in the price of a stock is to use a limit order rather than a market order.

Another misconception is that an order is canceled when you hit 'cancel' on your computer. But, the fact is it's canceled only when the market gets the cancellation.

That also has put pressure on analysts to report favorably on a company in order to maintain access to inside information,

I worry the best execution may be compromised by payment for order flow, internalization, and certain other practices that can present conflicts between the interests of brokers and their customers.