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Vinny1, On REDI+ & ROX( we have two direct access platforms available), your Bid and Offer will show up on NASDAQ Level II. Many other EDAT software platforms also have direct access to INCA. Gene Weissman Lieber...

Vinny1, I believe you cannot place reserve orders on INCA, unless you have an INCA terminal . The terminal is a good tool for traders, but most daytraders would find an INCA terminal of limited use since at our firm and others, INCA can be accessed faster on EDAT software than an INCA...

bungrider , The rate you would be charged for INCA(using a terminal) would be up to your introducing broker. Gene Weissman Lieber & Weissman Sec., LLC gweissman@stocktrade.net

bungrider, You cannot get an Instinet terminal as an individual. If you want one with a trading firm(like ours), join the firm and you will be able to use a terminal at a branch office, providing you are a qualified professional trader at the firm . Generally the rules of Instinet(in...

Instinet Terminal- They have repriced there web based product under $100 per month, however, the firm that is providing a terminal to traders usually has to guarantee or put up 1 million deposit at Instinet(or have their clearing firm write a guarantee letter), this is why most small firms...

Just a note. We can talk about raising money in general terms, but I would caution everyone hear about "soliciting" for capital in any public forum. If you have any questions about hedge fund structure, raising money or clearing services, I would be glad to help. I would also use caution in...

Broadway was probably the largest daytrading firm in NYC (beside Shonfeld) in terms of share volume in the 90's. I have heard from reliable sources that they were acquired by Shonfeld Securities. The industry is continuing to consolidate in these tough times. Mark Friedfertig was one of the...

Guerilla, DayTraderNYC said it right, you don't know what you have until it is gone . Most daytraders are finding this a very challenging time to trade. However, if you can make it in this environment, you would do very well when market conditions get better...

Just a note. Bullets & Conversions are strategies generally to be used by professional traders, not retail(IB ,CyberTrader etc.). If you are a customer (hedge fund) at a prime broker, Conversions and bullets may be available. Generally the margin associated with these strategies make Bullets &...

praetorian2, Then I suggest you do your fund if you have the confidence, experience and capital. My reply was to the other 99.8% of the readers of this post. If you want to clear your fund(prime brokerage), I would be glad to help. I don't like to be "negative" in my posts, just cover...

Just a note. We have discussed this topic in the forum in detail. In the current market environment, it's very hard to get funding for a hedge fund. Assume you do have a proven track record with a 200k account, could you get the same results with $2,000,000+ dollars or more? It's alot easier to...

Everyone at LWS wish's you a speedy recovery. You haven't been missing much, hopefully things will pick up. A nothing exp. day. Gene Weissman Lieber & Weissman Sec., L.L.C. gweissman@stocktrade.net

"There is a time for all things, but I didn't know it. And that is precisely what beats so many men on Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he...

Just a note. I just want to say that Steve Schonfeld built one of the most successful and respected trading firms in the country. His split with traders(backing them), low commissions ,positive trading environment & training built a real wall street success story. I know several traders who...

swinger, Just a note. Lieber & Weissman has a established office in Berwyn,Pa. (around 25 miles from Phila.). We are one of the few firms registered in Pa. Call Anthony Minisalle, MBA office manager at 610-725-9800 for more information. Gene...

Tony , I know what you mean. Tough market. janko, like a bull market, stocks and indices in a bear market can keep going lower and pin oversold indicators for days without a "bounce". On a yearly chart in QQQ , 28.50-29.00 looks like it could be support, but who knows . At LWS, we like to...

QQQ heading for 9-11 levels? I remember post 9-11 QQQ got down below 30 (Around 27-29 level).....Man I wanted to load up the truck but scared to death....They then rebound into 41 range. Well we are back down there again....Is it time to load up??? Answer:

BullFighter, No problem. For most API applications , connecton to a single ECN like ARCA or ISLD work fine. Gene Weissman Lieber & Weissman Sec., L.L.C. gweissman@stocktrade.net

Bullfighter said: I'm sure a similar order execution API is available directly with ARCA. As you probably know, ARCA has superior order execution over the other ECN's. Probably the best way to go is to use the RealTick API. You can get the best of ALL worlds. Most of my RealTick trades are...

UnderGround, If you are a serious trader and can take a Series 7 exam, we could connect you to REDI+ in C++ or VB via the FIX protocol , REDIFIX. We have our own FIX engne . REDIFIX is being used by hundreds of pro traders & hedge funds nationwide. Executions on ECN match's 250< MS ...