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Unless there is something going on with the new autoex system at the NYSE, which I am not familiar with, you are obsolutely entitled to a report if you are traded through on the exchange. Much misinformation out there. I find most of it comes as a result of brokers not knowing rules and...

Not sure where Lescor is getting the "two minutes before the opening" you are entiltled to the print. It is more like one second before the opening you are entitled to the print. Obviously, different brokers tell different customers different things.

All exchanges have their advantages and disadvantages. It is imperative to be familiar with market structure to best understand how and where different kinds of orders need to be sent to get a best execution. Do I think it's fair that on NASDAQ I have numerous times entered orders that get...

I will try to be as polite as possible here. First, back in my initial days on the floor, the commission income from each book was enough to live very comfortably. Gradually, it has become more and more important for the specialist to be able to make money trading. For my time on the floor...

Please explain why this will hinder "tape-reading"?

Strategy has never lost more than $100,000 in a month. In five years it only had five losing months. VAR $140,000. 10 sigma day $520,000. Strategy is very transactional. Do not feel enough $ for a retail account. Where to look? Assuming I put up $1,000,000 of my own. I need or want...

Aren't you responsible for the losses in your account? Are you trading enough size where their $ are at risk? Think about this.

Call Gs and tell them about your dilemma and ask them for advice.

Why not figure out a market you know and then trade that?

Can anyone say market meltdown..... I don't see any chance that reg t will be changed. In fact, it was mentioned often that perhaps the Fed would adjust this in 1999 as part of dealing with irrational exuberance. I certainly don't want reg t to be some sort of fed tool and that is what would...

I would love to increase my stakes at the blackjack table but at what cost? We keep talking "risk" based borrowing with no talk of the risk. I will make this easy What is my per annum charge if I put up $100,000 and buy and hold one position of SPY $1.5 million worth? What is my per annum...

Maverick Thanks for working with me here.... I come from a different end of the business but I must say I would not take any risk with 99% of the people that post here. First, are there any prop firms that are actually at risk of losing any of ther money? I mean if they are throwing money...

I asked this question on a thread a long time ago and was told by all that even on equities it was a "haircut". Again, I had always had a margin charge or interest charge. Even Don Bright was here talking about the "haircut". Thank you for your answer. I will ask though, if you put up...

Sorry guys, but now I am totally confused. Haircuts are determined by an exchange? I have never heard the NYSE setting any "haircut requirements" for listed stocks. Maybe this exercise would be best, and most easily understood if we just focused on a basket of NYSE equity securities. I...

I left the floor over six years ago but it is my understanding that stop orders are still on the book. How is the Specialist supposed to execute your order if they don't know it there? In addition, if one is going to argue for the benefits of an auction market, and the oppurtunity for price...

I guess the answer goes back to the original question of does your broker transmit orders to the exchange or hold stop orders internally. If they go to the exchange, the specialist will see them. Remember, and I am sure someone will chime in that they can't be trusted, the specialists first...

I would be more interested in what firms are not chop shops? What firms actually care about a business plan, a trading model, a traders ability. What firms actually try to figure out if someone is going to make money. Better yet, give me a firm that requires a deposit but is actually at risk...

I think the Nasdaq needs a one price opening. I also don't understand the value of my leaving an order on a exchange or ECN that allows the contra side to clear the book at each price level to get a print on at a premium or discount. Two small points. I do however agree with the notion that...

JimRockford I would approach everyone on this site with suspicion:D I can only answer as to what the rules and procedures were ~7 years ago. Obviously things change, frankly, I don't believe you would have had these problems without decimalization providing more price points and more gray...

Specialist clerk then a specialist. You are correct self-regulatory does stink and is no basis for thinking the order will be handled correctly. However... if someone wants to get into a debate on the relative merits of stop orders it would help if we knew particulars. If we are sitting...