Limit Orders Go On-Line In AMEX Specialist Pilot
THIS WEEK'S LEAD STORIES
The American Stock Exchange is testing a personal computer that allows a specialist to electronically store and execute limit orders.
The first computerized order book went on-line August 11 at the post where Forest Laboratories' stock is traded by specialist Dennis Goin.
In addition to maintaining a fair and orderly market in his assigned stocks, a specialist is required to accept orders that cannot be filled immediately.
Specialists on the New York Stock Exchange write these limit orders down in
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