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I noticed, in one of the Nasdaq stocks I trade - every day a half hour before the close large bids and offers come in. All day the Level 2 shows sizes like 10 and 20, and suddenly you see 432, 612, and like numbers on there. Every day, at 3:30pm ET. I think there is something that happens...

Thanks Def. I can promise IB alot more orders, that I now have to use another broker for..

Why trade the SSF when you can trade the stock? Well, why trade the stock when you can trade the SSF. I wouldn't minimize the fact they have no uptick rule, being able to short on a downtick is huge improvement. As far as the arb, future against the underlying - too easy I think...

I think addition of the TMBR "route" has been great so far. The fills are very fast, they have filled me a few times for more size when there was only 100 on the level 2 inside. Thanks IB! Def - I know people have asked for fraction of a cent order entry. What about hidden and reserve...

But the markets being random is irrelevant. The important question is: Are you making money, and how much. Consider two traders making the exact same trades. One is paying .02/share in commissions, the other is paying .0025/share, and one is very profitable and the other is losing money...

Level 2 is very useful! I use Level 2 mainly for trading decisions on NAS stocks. There are a number of things you can do that work. Take advantage of the fact that that ECNs allow you to show and hide size, which makes for a poker game no doubt, but I'll take it over the NYSE specialists...

I guess if you can't beat 'em, buy em. I think the combined liqidity of the two ECNs in one marketplace will be an improvement, but maybe less competition drives the ECN fees up?

Gotta agree with sd on that one.. But forget these Gross numbers, if you trade for a living, Gross #s don't mean jack! These traders that are "gross positive, net negative", what the hell are they living on?

Hi Don, Nothing wrong with "debating", a think a healthy debate is a good thing. Thanks for correcting me on the fees, glad to see those fees are gone. How would this offer go over with a firm? I'll put up $25k, pay .003/sh. for clearing costs, and we split my profits 50/50. I'll take...

Don : All shares in excess of 2500 per trade are absolutely free to the traders (no money for firm, period!).... Maybe no money for the firm, and excuse me if I'm mistaken, but this is not true. 1. NYSE specialist fees apply if the order is in the market for over 5 min. (.01/sh.) 2. My...

Why the insistance on these prop firm owners showing how well their traders are doing? That has nothing to do with the value of the prop firm. Not to mention the fact most traders at these firms are probably, not blowing up - but churning, and prop firm owners managers are not going to...

Cool, thanks alot.

I previously had this window in Realtick, it showed a scrolling list of new highs/lows for the day (with a new entry being added whenever a stock hit a new high/low) , in different colors for daily vs. 52 week highs and lows. Now I can't find out how I got that window. Any ideas? Thanks,

Navigator, thanks for the info. Actually, I lived in NY for a few years, but I like Chicago alot actually. My ex lives there so my current girlfriend has banned me from visiting Chi-town however :) There is some PDFs here about the NQLX system, I glanced over them...

Given the increased leverage and no uptick rule (I think IB's $1/contract will prove to be low among the initial group to offer SSFs) - kind of takes away the two major reasons to trade at a prop firm vs. IB. From what I read though, NQLX will be much better than OneChicago. My sense is...

I tried using GLOBEX as the exchange and that worked, thanks! Also emailed IB cust service and they sent me back the wrong instructions - typical. I too have the problem with the disconnect when there is a bulletin.

I'm connecting to TWS from a Visual Basic program using the Active X control. I am trying to request a market data line for the S&P emini (symbol = ESM2). These are the function parameters: Tws1.reqMktData trow, symbol, secType, expiry, strike, right, exchange, curency I typically use...

The arb opportunity exists, until people see and act on it, then as a result of everyone playing it - it disappears, so with everyone getting ready to jump on the arb angle right off the bat, seems discouraging - but will be fun to try when they finally come out. If SSFs turn out like options...

The ISE is great for options trading, like the stock ECNs - you see a quote, if you are willing to hit that price - you know you will get filled. My problem is more the spreads than the commisions (1.95 per contact equivilant to 100 shares = .0195 per share - not too bad) Alot of smaller...

Every day the market is open there are opportunities. Are people going to hand over their money to you willingly - no, but for all this talk of "poor market conditions", every day there are stocks going up and down, and as long as that's the case, there is an opportunity to play em!