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Great points... I've tried to look into it using my algo's, but the rebate for under $1 doesn't make it cost effective. I'm even having trouble integrating FNM into my strategy when its above $1.

+5100 net. tight range today.

absolutely correct. and if your rates/volume/strategy are in sync, you can actually net out a positive p&l on rebates than you pay on commish. (including exchange/sec/nasd fees etc.) who says you can't trade for free. lol

Never would have seen this otherwise. a 3 year delay, probably what trading on dialup was over a decade ago. But yes, its the best thing ever. Like Richard Pryor in Superman 3, wake up, push the on button, and see the P&L rise all day. America...what a country!

Anyone know if rebates will be offered on these? Either way, I have to assume that the daily volumes on these will spike higher right off the bat. NYSE Trader NYSE to Activate Sub-Penny Trading 21 Jan 2010 On February 1, the NYSE and NYSE Amex will begin accepting, displaying and...

Thats why its NEVER GONNA HAPPEN. If it did, by some unbelievable fate of Obamination, I would be taking an early retirement. I payed over $7,000 in SEC fees last month alone. That should be enough for them for doing very little to next to nothing. It reminds me of last year when...

Just checked my clearing sheets from yesterday and noticed a few things from yesterdays activity. Anyone else have issues from yesterday?

Ding Ding Ding... We have a winner! So if you can pay more to get ahead of everyone else, why wouldn't you? I do. And I'm grinning ear to ear baby! :)

If you're talking futures... i have no idea how they make this work. If it's equities.. than thats a different story. Its kind of the new "holy grail" of market making. Does anyone here HF trade Nasdaq stocks on a daily basis? PM me if so. thanks, Moc.

I'm liking the action on C so far in the premkt. Hopefully it settles @ 3.35 in the first half hour. Then I'll push the envelope and look for big day.

check you pm.

So paying less than a 1/10 of a penny (0.001) , isn't a "fair price" for receiving priority order status at at NBBO on almost every trade?

Perfect Timing. lol http://www.zerohedge.com/article/goldman-admits-frontrunning-clients-through-its-prop-desk The topic of Goldman frontrunning clients using its prop desk, which has long bothered Zero Hedge, and which in the past received Goldman's vehement refutation, seems to have...

lol. thats funny. better prices between the NBBO (Is Mary Shapiro reading this? Will she discuss it tomorrow at their "Big Meeting" on Capitol Hill?). Do half the people reading this even know what that means? You have a better shot at better pricing on the NYSE (yes, for a small fee...

I'm not talking about sub-pennying or Darkpools. I place orders that go directly to the handhelds on the floor, and get parity on almost all my trades via e-quotes. If GS is dumping your traders orders in the dark, murky seas of darkpools (where they can flash away without supervison), then...

Don, I read that RMBS piece by Dennis, and what I don't understand is why your liquidity provider market share has dropped so much on the NYSE. If you use GS and some guys trade on sigma-x, does that front end NOT allow for E-quote interaction?

Like I said... We are providing a service to the market. 82 rountrips in Citi so far and i still have 3 hours to go with a net of .007 (not including rebates). And this is AFTER Prince 'I-Owna Lotta Crapa" d-Weed comes out and says that the worst is behind this company. Without us hi-freq...

You're confusing Black Box trading and e-quoting, 2 different things (go to the NYSE website and look it up). Thats what gets you to the front of the NBBO on almost every trade regardless if there is 3 million shares on the bid/ask. I know 2 guys that trade C manually everyday (the only stock...

Whats that all a booot? lol. I wouldn't say that. we just both have our disciplines that work. My boxes are set to shut down on a stock that loses 5 percent (of Mkt val) on the day...Hence the reason why I wait til 10am to turn them on most days. Feel free to look at the tick chart on C...

Thank you. EXACTLY my point... I just use the tools that are available to me and get paid to do it. I might pay a little more than others...and they might not like that I make more money than them for trading in and out of the same stock thousands of times per day just to trade to be flat or...