I had decided to buy KWG today. I was watching on level 2, the volume, the bid and ask. I placed an order for 101,000 shs, hitting the ask at .065. There were 278,000 being offered.

My order showed filled, immediately, as it should, but nothing showed up on level 2. The bid, ask, and volume remained the same. I thought it was just slow reporting from the exchange.

After 15 minutes, I called TD for an explanation, and was told that the order was filled on the" Alpha" exchange.

I think this is important for investors to know, that we are no longer seeing the full and true picture of trading on level 2.

C.