WATCH OUT WHEN PLACING TRADES WITH HAVELOCK:

Okay, so I'm a recent member of havelock and I was watching PETA being traded, having just killed a live chicken myself. I'll give a generalized example of the problem I witnessed:

ASKS (aka Selling) Column:

Date/Time   QTY         Price   Value
------------   10/10      0.14   ------
------------    5/5         0.146 ------
------------    6/6         0.15   ------


Okay. So I'm watching the Order Book, Bid/Asks and Recent Trades history.

...then someone puts in an order to BUY 1 share @ 0.15 price. On a normal exchange (nasdaq otc, etc.) given the data above, the exchange will fill this 1 BUY @ 0.14 price. In fact, on a normal exchange it would be IMPOSSIBLE to buy @ 0.15 if there are unfulfilled ASKs @ a lower price that would fill your trade order quantity.

But not Havelock. This exchange filled the order 1 BUY @ 0.15 price !!!! I saw this order being placed in the BIDs column and then immediately get erased and put in the RECENT TRADES history @ 0.15 price. All the while unfulfilled ASKs @ BELOW 0.15 price REMAINED on the order book.

THIS IS CRAP, of course.  I can see where Havelock would want to fill @ 0.15 for more commission but really, no self-respecting exchange would fill @ 0.15 when there are adequate ASKs at below this 0.15 price, namely @ 0.14 price.

So just a head's up for when you trade, you have to make your own market and put in an order appropriately. Usually when one places a LIMIT order, it is to indicate the MOST one is willing to trade at, NOT THE EXACT PRICE FIRSTLY!

It seems (supported by my eyewitnessing) that what appears to be a LIMIT order is anything but, and is thus deceitful in the least but pointing to fraud in fact. I've never witnessed this kind of behaviour in all my years of trading on exchanges.

I have this awful feeling that Havelock exchange will take your BUY price as some sort of first to buy @ price, and if your order is a partial fill, THEN AND ONLY THEN will it attempt to fill @ a lower price if there are existing lower ASKs, and the order will be filled @ the highest price under your order price, and work its way DOWN from there, not UP from the lowest ASK (if under your BID) per normal.

Dunno what is up with this Havelock exchange...?

WTF Havelock, WTF@@!!!