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Not sure what the confusion is here but I read this pricing sched. as saying that if you use the swpec to execute it will be anywhere between .00027 and .00035 per share depending on your firms volume. If the order routes, it can be between .0025 to .003 to execute depending on your volume tier...

Has anyone out there had experience with having SmartQuant actually do the programming for their strategy? I am interested in any and all feedback. Feel free to post here on the thread or PM me if that is preferable. I would also like to hear from any ET members who have experience with...

That is a DOT fee, and it depends on which DOT provider you use. It also depends on wether or not the specialist then routes your order out once he gets it, as per REG NMS, this of course will cost you much more!

Computers are all about efficiency, they are productivity tools designed to increase efficiency. The markets and trading in general is all about inefficiency. We are all constantly trying to make the markets efficient, that is why prices fluctuate constantly. Computers assist this process by...

Market didn't FOOL YOU, YOU FOOLED YOURSELF. The reason automated trading is successful in the markets is because humans over-complicate simple things and over simplify things that should be given real thought. Auto

This debate on prop firms is endless. I agree whole heartedly with Mav. Every industry needs to have rules and regulations of some degree. Trouble is, gov. bodies like the SEC do virtually nothing to protect the public and are just a bunch of non-elected bureaucrats who continually come up with...

You just realized this? This has been going on since the begining, its not new.

Just my opinion of course but................ my feeling is that it will be a nightmare because, despite all the hullabaloo and supposed preparation that the NYSE, the ECNs and the exchanges have done , the very nature of premise at the center of this whole thing 'ROUTING' will, I believe...

It's called REG NMS, and it will be a nightmare when it gets implimented on Mon. !

If there is one thing experience in business has taught me it's this, 'SWEET DEALS' most often end up leaving you with a SOUR taste in you mouth! If it sounds 'too good to be true' , it is, or will usually prove itself to be in a short amount of time. The universe requires balance, just like...

Why would anyone even want to use Vista, especially on a box they use to trade. From what I understand it eats up memory like crazy..........not to mention other things. Shit, to be honest I hate using XP, and still prefer W2K, but bottom line is I want something, proven, stable, light ,and...

Fungible means the asset is transferable across markets. For example, gold is fungible across multiple markets, you can buy it in London, sell it in N.Y. . Fungibility is a neccessity for a true market arbitrage trade. Intermarket arbitrage is difficult. You have several variables to contend...

I have seen a couple of documentaries on Daniel. It is insane what this guy can do with numbers. Everytime I see something about savants with these types of gifts I am truly amazed and it always stimulates my interest in learning more about psychology and the functioning of the human brain...

The respone to this question seems like a bit of a joke actually, according to the manual; "– Initially, the lower value in each range will be used to calculate the LRP. – As the Exchange gains more experience in how securities trade in the Hybrid Market, the higher value may be used...

not sure I understand what this means :confused:

Title Trading's website is www.titletrading.com

Read the post that started this thread guys. It is a copy of the news release posted on the NYSE website, "In conjunction with this filing, the NYSE will eliminate specialist commissions on transactions in their assigned NYSE-listed securities, including exchange traded funds (ETFs), and...

LOL, I love it , the Bright brothers blessing credit trading. This should be good for some interesting advertising. I can see the headlines now, The next BIG merger, Peter Beck and the Bright brothers team up to dominate the markets.................. lolololol

Ohh , and if you want an example of how all this works and how the specialist will treat you when he has you by the balls check out madmunny ' s little experiment from a couple of Friday's ago on the P/L 2006 thread. When you try to market out of a position the specialist is not your friend...

Well, it depends on the situation but it is my experience that if you are offside (meaning caught with your pants down holding a bad position) you are indeed going to get "fucked". Thats the thing that is always scary about NY . Most stocks do the majority of their volume thru the specialist and...