Hi, I was trying to understand the Level II using Cyber Corp trading simulator. Using WCOM I am able to go long 1000@4.00 even though the best ask is 8.91. Also I can now sell those shares at 18.00 even tho the best bid is 8.98. How is this possible? I realize that I am using the simulator and that in the real world I can only buy if there is a seller and sell if there is a buyer.. Appreciate some light on this Confused, Splat
The cybertrader simulator does not take into account price when executing your trade. Meaning that you can basically enter any price and there is a fixed probability that your order will be filled. The simulator is just for you to get familiar with the software and isn't meant for simulated trading.
HTrader, I see ok thanks for your help. I had read that the cybercorp simulator was the most realistic. WHat I had read of Level II was contrary to what I had experienced using the simulator. What you say makes sense. Regards, Splat