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Bullets/conversions are used by listed traders due to the inherent difference in the uptick rule for listed vs Nasdaq. If you are trading nasdaq stocks then hitting a bid on an up[tick is much easier due to decimalization (providing you have a gppd platform and good executin skills) even when...

Hello Don your guys trade listed stocks remember? I think I tried to bid a listed stock once.....yeah that worked well. I would venture to say that DATEK's lame retail customer base accounts for less than 10% of ISLD volume on a daily basis. Another example of Don's ignorance of the Naz...

Do you mean 1000 actual entries into a new trade!! That is mindblowing if so. What platform do you use? I find it relatively easy to get a SOES order filled in SUNW. Granted when it starts to pront through a price level you might not get it at that instant, but 99% of the time additional...

Your right, I just did not believe it :)

Three hours later and no one has commented on the return of Turok?! I must say I am a little hurt as it is apparent that you have been lurking all along and yet no response to my "Where have you gone Turok" thread from several weeks ago. Oh well I will get over it. Welcome back....though I am...

OK as a OTC trader I will totally expose my limited knowledge of listed market action here but I am confused by what this statement implies and have been for quite some time. Someone correct my understanding please. There is one NYSE specialist for HRB or GM or any other stock traded there...

Tampa, Even if it is ego gratification that drives him, as long as he is posting trading commentary that others can learn from-by following along and either agreeing or disagreeing-who cares what his motives are? Does he need to provide you with a valid purpose-from your perspective-in order...

........presuming you trade with a broker that passes on the rebate. I believe that most still just have a charge per share for ISLD regardless of whether it is adding or taking liquidity. THus they are actually making .0035 or so per share (eg .0025 charge plus .0011 rebate) for shares where...

RRRRREEEEEECCCCHHHHHH!!!! (that was me puking)

Even more the point on the irrelevance of Don's post...when DOn posted about your MER trade it was only against you less then 20 cents.... give me a break

I just wondered why you chose only one of Seanotes few trades that appeared to NOT be going in his favor to comment on. If I had to speculate on your tone and/or intended meaning it sounds like: Don in a hushed whisper "hey yeah OK job on those other trades" then Don screams at the...

Seanote- for those of us (probably only me) who have been wondering who you are and/or what firm you are with......you have tipped your hand....only a few firms have capabilities like those you posted in earlier threads and besides, no one uses MarketXT simply because they want to....do they...

Don, What did you mean "sorry about the MER"....sorry about what?

Speed, Agreed, that is why I have the ARCA algorithm "turned off" on my platform...I just use it like I would ISLD, taking liquidity when it is there for the taking...and ignoring it when its not. As far as adding liquidity (bidding/offering) I will usually do it through ISLD but do use ARCA...

That is the issue for sure...... As TNO Mike pointed out, exactly how and when ARCA would see this new ISLD bid is not exactly clear, it has simply been stated that ARCA can do this. The thing that has always seemed hard for me to envision is an order going out to SS and then being cancelled...

And does take quite a committment to learn how to apply it to trading. But to summerize its funtionality.... when these five boxes are green..... BBBUUUUYYYYYY When they are red....... SSSEEELLLLL

Magna, not really true. As you know, ISLD will still display a lock/cross order in the Level 2 (provided it is not matched instantly) but it will change the DISPLAYED price to the bid price (assuming the spread was at one penny) to satisfy the lock/cross quote rule. I believe that ARCA...

EOM

someone had asked on another thread about software functionality and the inability to short Q's on a downtick (using that software). The question raises an issue I have pondered but never asked anyone else. The uptick rule, though its concept was created by the SEC, is set by each exchange...