Yes, I do on NYSE stocks, Only the bidsize,bid/ask,asksize and last price and size. No streaming time and sales though! And a chart of course! On NASDAQ I need Level II though. Although most would say it's useless. I find it usefull sometimes!
-Dave
Chud,
99% of the 3rd party front ends for IB are DOMEs. Great for futures but absolutely horrible for fast moving stocks.
The other 1% has order tickets. And it's all by mouse and none of them use hotkeys.
Laser/hydra/etc. software with hotkeys for IB would be great.
Unfortunately...
When the curbs are in, there will still be program trading going on. But they are only allowed to buy on the bid and sell on the ask.
A program trade is defined as:
1. A basket of at least 15 S&P 500 stocks
2. A basket of S&P 500 stocks exceeding 1 million in value!
-Dave
No but -70 is though! On February, 27th this year the S&P futures were 6 handles off a limit down day.
It would be awesome to have a limit down day. That would be the 2nd one in the history of the S&P futures!
-Dave
I agree, I saw someone sell 8000 ES in 1 trade. That's the biggest I've seen in a very long time! Pit has been all about the sellers too the last 2 hours!
-SL
Well, those locals are not in it because of a good figure. He tried to hold the market a bid and got slammed by a paper seller, who immediately sold it down another 2 points, which caused more selling. And if he would sell his position then, he would push the market even lower. right now he's...
That was high energy selling on the way down. Two locals got absolutely hammered BIG TIME. And they're still stuck right now. One local has been on a push. And everytime he printed the low paper came in selling it hard.
Most of the action came out of the S&P pit yesterday!
Locals were pushing it lower and when they got a 1532.50 print they got widespread paper selling going. That's what cause the sell off from 1532.50 to around 1525.00.
Later around 14:48 chicago time there was a paper filler with 500...
I had IB on the phone. They said it was an issue coming from the exchange. The exchange was gonna solve this and they did. The problem was streetwide!
-SL
Hydro, I understand what you mean.
But my point is, they're not crappy traders!!! The successful locals had to work hard to get where they are.
Successful screen traders also have to work hard.
Just don't call pit traders crappy traders.
And if the edge in the pit is soooo big. Then why...
I got the point guys! Indeed, most of the floor trades can't make the transition to the screen, because the game is played totally different. But I just don't agree with the fact you call them crap traders. They are good at what they do and preserving their edge. Wouldn't you do the same thing...
That's complete bull shit. They have their edge, you have yours. There are more ways to make money in the pit than just front running orders. If it's as easy as you make it seem, everyone would be doing it.
Maybe it's a little easier for the guys in the pit to see the orderflow. But when some...