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    Limit-NX feature on NYSE stocks kills volatility

    lescor, This happens primarily because other ITS participants (CHX, Boston, etc.) "block" the NX print by bidding above the NYSE bid (when you are trying to sell) or offering below the NYSE offer (when you are trying to buy). The other potential reason is that the specialist freezes the book...
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    Limit-NX feature on NYSE stocks kills volatility

    Trade_Cents, That doesn't mean the specialist can't participate in the offer. He can take up to 1/2 the offer size once it is "tripped," subject to few restrictions. Rule 104 (b): ...the purchasing of stock on a direct plus tick or a zero plus tick should be effected in conjunction...
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    Limit-NX feature on NYSE stocks kills volatility

    FYI - My good man, what you mean to say is that specialists cannot INITIATE the taking of offers. They can, AND DO, take offers once the stock is trading at the offer price.
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    Limit-NX feature on NYSE stocks kills volatility

    Ace, You're right on the money about NYSE market shorts these days. But I'm not so sure it's completely due to NX. Brokers and specialists have grown wise to daytraders using bullets, mainly because tons more people are now using them. Consider this, if you were an institution or...
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    Self Clearing Firms

    Do you think you could respond to my previous post when you have a chance? Thx Restated for your convenience... 04-20-02 11:52 PM Don Just being a curious George here...What kind of volume/size do your traders do who pay "less than .3 cents per share?" According to my...
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    Self Clearing Firms

    F1 and TraderJimbo, If you chaps know a firm that offers .004 or less, including pass-through fees (FOR TAKING LIQUIDITY) then spit it out. What is this, some kinda f__kin guessing game??? I am here to tell you that nobody charges .004 including NYSE/Nasdaq passthroughs--unless maybe you...
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    Self Clearing Firms

    Just being a curious George here...What kind of volume/size do your traders do who pay "less than .3 cents per share?" According to my calculator a guy would have to average 8400 share trades to pay under .003. How many folks do you have that average 8400 shares a trade? And does this...
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    john ogg - news trading service

    What is John Ogg's web site?
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    Self Clearing Firms

    There aren't any firms (in this star system anyways) that are gonna give you .004 all-in. Period!!! I double-triple-quadruple dare you to prove me wrong by giving me just ONE name!!!! Just ONE Jimmy!!! As for clearing/execution costs....the big dogs (Heartlands, Brights, Holds, Andovers...
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    Self Clearing Firms

    Are you sure that repressing your trading losses isn't affecting the rest of your memory??? Cuz I think you must be remembering wrong. There are no firms out there offering .004 including ECN fees brother. None. If I'm wrong then name two. You said there were "firms" plural right??
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    can IB go bankrupt?

    Where can we read the S&P report. I couldn't find it on your site--maybe I didn't look hard enough??
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    Ravenquote Poor Customer Support

    Let me guess...you don't trade at all? Because I don't know what YOU'VE swallowed. Moreover you seem oblivious to the fact that high volume traders typically generate over 100 trades/day. Just one trade out of 100 that is not filled because of slow quotes or poor user-friendliness can pay...
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    Ravenquote Poor Customer Support

    If you're an active trader doing over 400-500,000 shares a month, there's no excuse for not buying a professional platform like Realtick, First Alert, etc... RavenQuote and ESignal are for rookies and part-timers. So what if good software, data, and exchange fees are $500+/month. Thats...
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    Choose Bright or Echo?

    If you don't need a bushel of capital, the only real concern you should have is the firm's risk management system, execution and analysis technology, and prices. Prop shops with automated AND human risk control are the best choices.
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