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perhaps not personally, but this is a pretty big tangle of rules and scenarios to contend with just to find out how to offer more competetive prices for the purpose of better fills. (imho). next i'll familiarize myself with time/price priority rules. the irony is, i wouldn't even bother...

cool. that explains the tradethrough. any thoughts on why all this counter liquidity trades at my price on nyse and amex when i'm nbbo on arca, but almost never when i'm nbbo on nyse or amex? it happens with very heavy consistency in a wide variety of order and market conditions.

thanks, i really appreciate your response. ok, i can definitely understand someone making a more competetive offer than mine which is sitting on arca, and them therefore becoming the nbbo. this actually happens quite frequently and before I know it, in the process of feeling for liquidity...

nobody has answered my question with regard to never getting a fill when i submit a limit sell to the nyse or amex just under his offer, but always seeing him print buys at my limit price or higher when i make a better market than him on arca. literally, every single time, rather conspicuously...

thanks vm for your reply. if the mkt order fills were immediate, and i knew the depth of their book (which i think i can see on openbook though i haven't watched it while sending a mkt order), i would be more inclined to go that route. but because they sit for a very long time, it just seems...

i'm finding whenever i offer an nbbo market in arca, nyse and amex will print buys at my price, but if i send the non-marketable order to them directly they always move their spread away from me trying to scare me into hitting the bid, and the counter liquidity is never there at my price. are...

tell me why i'm the only one at the nbbo with 200 shares offered on arca for the last 15 mins, and in that time 1700 shares have been bought between amex and nyse at my price and worse in 4 different transactions? does that not say it all. what is it i'm supposed to know to get credit for...

the market is there for joe public to access equity as freely as the existing wealth while surgury is an extremely limited specialty. joe public isn't expected to be a surgeon. inherently, something is wrong when fair equity prices are only accessible to someone with a surgeons knowledge...

its not an issue of my ability, its an issue of diverting limited resources to something totally arbitrary to the true nature of directional trading. what if your highway tolls were totally variable depending on your knowledge of an esoteric set of constantly changing rules, or which affiliate...

personally i don't care what the rule says, the nyse and amex specialists are an obvious tumor on US transparency and liquidity evidenced by the basic mkt fill in comparison to existing liquidity. some ppl like to memorize encyclopedic rules to trade like lawyers, and some people come to the...

Alan, thanks for taking the time to help me interpret this. That's really interesting, the possibility of a special type of marketable order that allows him to wait for a better bid. I see where you're going with that, and wondering who that could be beneficial to outside the spec (which isn't...

http://edgar.sec.gov/rules/sro/amex/34-53205.pdf if i'm reading this doc correctly, this is a fee increase to the companies listed on the exchange, is that correct, or do you have a different rule change?

how would you explain the popularity of globex and the successful traders there until every human brain on earth is directly connected and we control the weather, there will always be information inefficiencies

i see where you're coming from. that's fine, the exchange could designate market makers who are obliged to provide liquidity, and required to trade through the single market center (ala globex). Their compensation would manifest as a portion of the exchange fee, and the MMs are welcome to...

how do institutions 'negotiate' their futures trade executions? if everyone adheres to the same rules, in a true single market center, it's clean, it's liquid, and it's cheap. most of all it doesn't discriminate between grandma and goldman. all of these attributes make a more liquid market...

the specialists take money out of the market. why wouldn't we have a more active, liquid and volatile market if everyone on the field had lower transaction costs in the absence of this massive toll taker? which has more intraday volatility, the nas or the nyse? the rest of the world uses...

i just wanna hear him rant about all thum hurvurd types.

why, what's wrong with Massachusetts?

lol hamlet, you're ridiculous. you must be sitting right next to don indulge me since i'm new to the equity field, and substantiate your assertion. that sounds like what's been happening here, as recently as today in a symbol that trades about once every 3-5 minutes (and far far less than...

lol nice