Auto-Ex Systems Hold Up Under Heavy Volume, But Market Makers Back Off As Prices Gyrate
THIS WEEK'S LEAD STORIES
OTC market makers may have let their telephones ring and paper orders may have been lost in the shuffle on the exchange floor. But computers-were busy filling orders the week of October 19th as record-breaking volume and volatility hit the stock market.
Most delays in order execution occurred at the man-machine interface -- whether it was between a broker/dealer and a telephone in the OTC market or a specialist and a printer on the NYSE floor.
As long as accurate prices were available and someone
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