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it's true, the fees make it that I can't afford to scalp.

how would one go from a chop shop to something larger? Everyone has to start somewhere I guess...

so use ECNs?

i still wonder if NX charges, last I heard was that direct + was free.

steve, do you mind sharing some of your ECN readings with us

what's your perspective on thinner stocks and the new hybrid system?

yep. do you still do tape reading? many say it isn't as crucial now as before.

how are you prepared for the up coming changes? Do you look for size or do you look for small but deadly 3k shares keep stepping down, and then blew up to a full size then gets printed?

isn't that disadvantagous to the big order as he may have to pay more and step up more to buy?

interesting. The unlimited NX rule is going to create some chaos as the nervous traders (who are afraid of the larger fish NX a chunk of the short)will uptick the shorties a lot...creating a situation where commissions and rewards is very very small or even non-existant. if you don' tmind me...

ahhhh I see.

?

what does it mean to have an order walk the book vs. an order to be sweeped?

currently I am putting some things together for a new strategy and I like to know your thoughts on the new hybrid market and market shorties.

yes, to the barebone, I am asking if the size is still there, and my first thought was the size was there and legit as it continued to step down and the specialist may take some moment to gather some things together. Why would the size step back if someone nx a apart of the size? Wouldn't...

what do you mean as used as woodie does?

does anyone have a perspective on how hybrid will affect stocks with little volume? Stocks that maybe trade 500,000 volume a day, etc...? such as CME, FDX, etc... as compared to more lliquid stocks such as MO, AMD, etc...

that's news to me, can anyone elaborate on that? I use NX often to get out of positions, and I thought NX is free?

hmm, i'll go check that out, well it turned out that after he locked the book on friday, he gapped the stock down, and then matched the quotes on the openbook with the level II (he didn't print, but gapped down). I guess the 1 on the bid is just to figure something out and match all the bids to...

if one can trade new york, what's the main difference of trading nasdaq...no specialist, but what makes it so different that it will create what it seems a new era