Recent content by rynmcd

Specialists' realization(P&L) rates are down floorwide, but so are costs - it takes less than half the people to maintain markets because most tasks are automated. Many of the easy trades have been eliminated and the advantage to trading on the floor has diminished. There will be opportunity...

Correction from previous posts - the specialist has NO control over bid or offers on the 'inside' market. If an LRP is hit, the specialist prices the market order as he would have pre-hybrid. there is no removing bid/ask. we are dealing with the same problems on the floor you guys are having.

What do you mean by 'shooting myself in the foot'? Where do you feel someone with floor experience can most easily transition?

Everyone on this board is self employed or trades for someone else. Thought it might be a good spot to ask - having worked on the floor for 3 years as a specialist trading assistant - will my experience help me to get on a trading desk somewhere (prop or executution?) The end of the floor is...