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  1. M

    Specialist Ratings

    Check this site out: http://marketrac.nyse.com/mt/
  2. M

    NYSE's Electronic Proposal

    I agree 100%, at least when you get screwed you know who it was and who is accountable. Does anyone have a complete NYSE rule book or bylaws, I ordered one a few years ago and it was missing all the order handling rules, those are for "Members only" I was told.
  3. M

    NYSE's Electronic Proposal

    Alot of those ECN's crossing down are the specialist themselves. A former compliance officer actually had to contact the exchange to find out if the specialist were able to execute orders from the floor. It took 7 months to get the reply but the answer was yes. In some of the thinner stocks I...
  4. M

    NYSE's Electronic Proposal

    All of this would be fine but there is one small problem. The specialist would still need to honor their quoted prices and sizes. I believe there was once a 5,000 share direct + system(AUTX I think) but I have no idea what happened to it. Institutional direct is a decent system but you have to...
  5. M

    The power of conditioning, and learning..

    Actually sounds more like Islam!
  6. M

    Instinet/Island

    How could this really be helpful to anyone who isn't on the inside? All this really does is take away another tool active traders have. This is just a peek into the future of the markets, things will only get worse for those of us who aren't a part of "wall street"
  7. M

    Nasdaq Restricted

    I think you might be referring to the status some NASDAQ stocks get when a short position can not be held for more then 13 days. I think this is what you are talking about but who know they make new rules everyday.
  8. M

    NYSE Rulebook

    I believe you'll need to contact the NYSE or SEC to get specific rules that aren't publicly available on either of their websites. I tried to order the entire NYSE rulebook, spent over 150 dollars and it still was missing over 200 rules. Good luck.
  9. M

    Is NYSE Price Improvement fair ?

    I think you have "Price improvement" confused with the new scam the NYSE calls the "Liquidity quote". Now that the openbook is public they need something else to help them rob people. It's only available on 28 stocks and I seriously doubt the rest we be available anytime soon. Unfair, yes, can...
  10. M

    Starter listed stock

    Depends on which futures your tracking. The S&P are awful for trading most listed stocks (NYSE) try following the Dow Jones Industrials as an index. Don't try trading any indexes or tracking stocks, this is where the real pros play to make money. GE is a great stock but the specialist is a jerk...
  11. M

    Series 7 License

    It's 2 years from the date on your U-5, but you can contact your State securities board and get some help scheduling your continuing ed. You don't have to be with a firm to take it, that's a myth.
  12. M

    Are you a daytrader or a swing trader?

    Right now I'm a day trader. There is way too much risk in taking something home overnight. I do understand there is some real money to be made by doing this because I have in the past. In this market the risk is just to great. Another terrorist attack in the states could easily destroy my account.
  13. M

    Liquidity Quote Info.

    This is how the NYSE is going to help all the specialist firms make back all the money they've lost. Now the can give a liquidity print on both sides of the quoted price and say they're creating a fair and orderly market, when it is really just them scalping everyone else. Once again everybody...
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