rjm2, it's not clear to me what your brother's gripe is.
1 17/32 was the low bid on AVCC yesterday. So, your brother was attempting to buy at the low bid.
He certainly isn't guaranteed a fill at the bid. He shouldn't even have much of an expectation of one. Yes, it happens, often enough, but there's no reason to have an expectation of a fill.
Your brother's only gripe would be if NITE (assuming, from your post, that his broker sent it to NITE) did not show a 1 17/32 bid to NASDAQ.
The fact that trades were posted below that price (but I don't see them on my Time & Sales, though - I see 4 trades at 1 17/32 during the day, but none at lower prices) is irrelevant, unless it was NITE that did those transactions. Another MM may have made those fills, and they certainly weren't obligated to hit NITE's bid instead - perhaps they filled out of inventory, felt the stock was going down, or just liked the customer. Or hit the wrong key. |
