Search results

NEWS ALERT from The Wall Street Journal July 11, 2008 IndyMac Bank, a prolific mortgage specialist that helped fuel the housing boom, was seized Friday by federal regulators in one of the largest bank failures in U.S. history. The thrift was one of the largest savings and loans in the...

Bill Gross has the most disgusting voice on television.

Cut your losers and let your winners run

Seth Tobias, founder and president of Circle T Partners, died yesterday at the age of 44. An untimely passing and a reminder that tomorrow is promised to no one.

The crossing networks must print between NBBO. Instances where they don't due to latency or routing lag shouldn't have much impact on your day-to-day trading. The latest generation of algos utilize hidden exchange and ECN midpoints as well as the pure dark pools....this is the direction things...

Reg NMS Implications for liquidity, both displayed and hidden: Most flow will go through smart order routers that ping all intermediate price points across many venues. Bids will therefore get hit regardless of if they’re displayed or hidden. Therefore, hidden orders will massively...

First check the Reg SHO pilot list. If the stock is on it you may get short without regard to bid-test. Additionally, ARCA is exempt from the bid-test for OTC names within their own book, so that is another option. If neither of these options are available, then you will need to wait for an...

You may be right, but you should have bought puts to express your bearish sentiment, which would have allowed you to define your risk. Being short the stock exposes you to the possibilty of another bid for DJ, which could cause it to gap higher through whatever stop you may have in place...

Start here

As you probably know, PSE is ARCA. What happened here is someone fat fingered a limit order to S 11,900 MAN 74.42 ARCA. He clearly meant to enter S 11,900 MAN 75.42 ARCA. Per current ARCA smart router FIX specs (which will change with Reg NMS), the order hit down to 74.42 within the ARCA...

You ask what the stock is going to do as if someone knows. The quicker you realize that no one knows what stocks will do the better off you will be. This game isn't about predicting the future, it is about managing your positions once you are in them. You should act to conserve your capital...