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MaxGain, In some ways I agree with you, but the NYSE is still the premier market to be lsited on worldwide . Hedge Funds and large orders go to the NYSE floor most of the time(say70% of the order flow). From my prospective as a day trader, I trade many small NYSE orders on ECN's. The...

We did have an auto-ex with MASH and a connection to NITE's internal crossing network. Those days are long over, like $500 dollar a month apartments in NYC. Gene Weissman E-Brokerage,LLC...

Just a note. I really find that hard to believe from a trader unless you are working at a hedge fund or large trading firm with loads of capital. Judging from my experience on the floor and at a leverage trading firm, very few traders made over a mil a year(less than 5%). Keep in mind you...

Just a note. If you trade with the NYSE specialist , you will get price improvement, some of the time. For small orders(1099 or less) , you should use NYSE NX. While NYSE NX is not a true auto--ex, you will a fast execution and a potential for price improvement. If you trade NASADQ markets, you...

Just a note. Stop orders are accepted by the NYSE & AMEX specialists . NASDAQ Market Makers does not accept stop orders. If you use stop orders on NASDAQ, it's a function of the software. Stop orders can be used to protect a long position or close out a short position .You can also use...

We tailor commissions based on style of trading, soft dollar programs, DVP etc. Our basic rates are .01 per share stock , Mini's $7.00(round turn), Options $1.50 contract with all rates subject to volume discounts for trading groups & hedge funds . See www.ebrk.com/trade.html . E-Brokerage...

To arb against well capitalized firms that have traders in every pit and are self clearing or have minimal costs is almost impossible. Remember, these firms can lock in a .0075 profit, which would be higher then most customers commissions. Gene Weissman...

jaming5002 has it right . It's usually very hard to arb any product as a customer. Any arbitrage is usually done by sophistcated firms that have professional leverage, margin ,floor traders in all the pits. Gene Weissman...

Just a note. Why does a security that is short exempt have to be marked sold short? This does not make any sense to me. All ETF's are short exempt to my knowledge. Gene Weissman E-Brokerage, LLC gene@ebrk.com

If your a pattern day trader(NASD) , since you need $25,000 to trade stocks, $50,000 is realy not that much. We are trying to cater to institutions & hedge funds. If you have less than $25,000 and you have day trading skills, E mini's may be the way to go, with a minimum deposit of $2500 per...

We are in the process of closing LWS. As the markets have changed , we have gotten many more requests from NASD customers(institutions, hedge funds) and others who do not need leverage, since NASD pattern daytrading account's now have 4 to 1 intra day margin.Pro Day trading is now not what it...

Just a note. ETF's are exempt from + tick rules and do not have to be marked short. ETF's such as SPY's can be created in any amount by depositing the stock basket(creation unit) at a depositary trust. Since ETF's are open ended( unlimited amount of shares can be created), they should be able...

Since 1997, Lieber & Weissman Sec., LLC provided services for professional traders & groups. As the markets changed, the partners of LWS formed a new firm E-Brokerage, LLC , to service the needs of Hedge Funds , institutional traders & day traders.. Please see our web site at www.ebrk.com ...

If a stop is held at the AMEX for QQQ and it gets triggered by the last (is it the last on any exchange?) and an ECN such as ISLD has a better bid than the AMEX, what price and how fast will the AMEX specialist fill you ? If it is on the AMEX price and/or the speed is a more than a few...

fattyasids, The route we use depends on the order size, liquidity of stocks we are trading and market conditions. We trade alot of oil stocks , drillers and large cap NYSE stocks. On 2000 + shares , we go to the NYSE specilaist "dot". On 1000 shares or less we use NX , with good results...

fattyasids , If you go away from the "primary" market, you are giving up price improvement all of the time. I doubt you would get better fills on ECN's, sometimes it just seems that way. ECN's of course are much faster than the NYSE. Try NYSE NX(direct) and see if you like the fills &...

In my experience, in all but a limited set of circumstances*, you will get an inferior fill when going to an ECN instead of NYSE during market hours. alanm- I agree with you 100%, however , most traders would rather have fast fills than gain .01 on a trade. So if NYSE NX gives you a better...

DEF-Just a note. Last time I checked the NYSE & AMEX were accepting BUY & SEll Stop orders on ETF's QQQ, SPY , DIA etc. If IB's system routes to the NYSE or AMEX, I imagine they accept stop orders. REDI+ accepts stops on all NYSE & AMEX stop orders . NASDAQ does not accept stop orders, if your...

The route you select depends on market conditions & the type of order you have. For an immediate fill on 1000 shares or less (limit order) , if ISLD is available , I would go to ISLD. If you have NYSE NX(NYSE Direct), you will get fills on 1099 shares or less in three seonds or less and have...

I retired at 40, I have no intentions of filing BK-7 Could you answer just in general why the SRO's do not want people with BK on their record? It is my understanding that you cannot file BK for another 7 years after your first BK has been discharged, I thought this made these people...