Recent content by GHJ

def, If ARCA is subject to the uptick rule on NASDAQ stocks why do they allow people to short on downticks? They used to automatically apply the uptick rule when shorting but now they don't--at least when hitting ARCA bids. I could be wrong but I'm pretty sure that ARCA is NOT subject...

Man. People are really shoveling the horsesh!t on this thread. Here are just a few of the more enjoyable quotes… "This is the first platform available that not only automates all entries, but also automates all exits." -Box No offense but you are moronic. Tradestation and Neovest...

Where did you get this story?

Here we go again. 1. You didn't answer my first and most important question. What idiotic firm is giving you .003 for listed trades on 45,000 shares a month? The "here and now" as you put it will be here and now sooner than you think. ECN fees should be very important to you, even in...

Man. I don't know where to start first Ticker. You just gave me a pile of sh_t and my shovel's too small. From TickerWatcher: "I trade listed so hitting an ECN is not even an issue. " > First of all, what idiotic firm is giving you .003 for listed trades on 45,000 shares a month...

There's an interview with Neovest that says market makers are using filtering to tell when daytraders are using filters to gang up on a stock. Hahaha. It's Spy versus spy. http://www.traderbulletin.com/interview

MACD, You're definitely right about the frivolousness. Unfortunately, I'm guessing Lava will try their best to leverage this bad patent against competitors. Why else would they engage attorneys and spend all that cash on the patent. Moreover, their investors probably placed a lot of money...

Wow. Can't believe more people are not up in arms over this. This bogus Lava patent affects every single one of you. If Lava isn't stopped we may all have only one choice of level II software some day very soon.

My guess is that since software patent examiners are so extraordinarily overworked they sometimes overlook the "prior art." In this case I can't see how this patent wouldn't be overturned if challenged. The question is, are trading software companies going to band together and try to stop Lava...

Vhehn, How did you distort my statement to suggest that I think Bright's traders are idiots??? Get hooked on phonics and reread my post. All I'm saying is that their traders are either too complacent to go elsewhere; need the buying power; or need the training and starting deal. That's...

Looks that way.

Someone forwarded me this story (below) about Lava Trading. It appears that these idiots are threatening software companies who put ECN books in their level II window with patent infringement! This looks like a truly outrageous attempt to manipulate the patent system and extort royalties...

Prop trading is already a commodity business. No one in this industry has any groundbreaking competitive advantages. Even if Bright lowered its rates the only people they'd draw are rookies that want their "training" and starting deal. I've said this before; Bright has NO competitive edge...

That's the problem Don. Bright is a Titanic in a market where you gotta be as maneuverable as a jet boat. Your reluctance to switch platforms is at least in part related to the difficulty you'd face in migrating all of those traders to something else...not to mention that it would piss off...