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Prop as it's known on ET...yes. Firms like Bright, Assent etc are called prop even though they really aren't.

Not following you. I have been trading remote prop for years, never for an institution.

Yes remotely for about a year. Then Assent, then Genesis, now Tuco.

Only having to answer to yourself, No commute, Freedom to take time off whenever, Trading your own style, Not having to wear a suit everyday, Getting more family time at home...etc. It would take a big $ increase to get me into one of those places.

http://www.nyse.com/pdfs/hm_activation.pdf

Just a few examples of strategies where competition impedes performance with equities... -OPG. As much as Don says it isn't affected, i'm sure OPG was a lot better in the late 90's when there were only a few trading it. It makes sense too...when there are 40 guys putting bids in pre-market...

This happens all the time...usually it's just the specialist backing off the bid or ask for a short time to sort things out or to print a large block somewhere in that range. It can also be an error price on the bid/ask. This is all part of the "fair and orderly" process, and if you trade NY...

Check out Tuco... http://www.tuco.com/home.htm

Your broker should ask you if you want to pay it. I had to fax something to mine last week.

Your market buy order went through an ECN...the specialist had nothing to do with this trade. I've had the same problem with ARCA market orders and because of it avoid the order type on NY stocks. In fact you are lucky because the last time this happened to me they would't bust it even...

Yeah Don, Cox Vegas has it on INHD.

Not sure. I've had Comcast and Cox HD service and they both carry it.

Wall Street Warriors on INHD. www.inhd.com

Keep in mind that if the specialist is only showing 100 shares you can't NX it, and it will turn into a limit order.

http://www.nyse.com/pdfs/nysedirect.pdf I thought Cyber had this, but could be wrong.

I'm assuming there weren't any available ECN shares so your order went NY limit which can often take 30 secs on an overly active stock. You would have probably been better off sending an NX in there. UNH was my best trade so far today, still long a little.

All I had to do was 'think' that LH would go down this morning and it did! What a load of crap.

Pretty interesting if legit. The Anormed trade is damn fishy though going from 0 to .61% then suprise MLNM buys them out today. That was the only new equity position in their top 50 % holdings for that time period.

Before most of you guys even started trading there were constant posts on ET from noobs asking if anyone really made money at this. The PnL thread not only answers this question but provides some inspiration and hope. It's far from worthless imo.

Further reference... http://www.esignalcentral.com/support/faq/esignal/dde/