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Klaorman, based on my limited experience so far using BEST ECN it does everything you've asked for in your earlier post. BEST ECN seems to make routing decisions based on the inside prices of the various ECNs. So if you submit a buy order for 500 shares with a limit of 50.10 and ARCA offers 100...

Is it my charts or was USG halted today from 1:30 to 1:50?

The MM's liability is his quoted display size on the bid and the ask side. In NMS securities he actually faces dual liability as he can be accessed simultaneously through SNet and SOES with the latter resulting in automatic executions. Once an MM's liability has been exhausted he has a choice of...

A market is said to be crossed when the bid price is higher than the asking price. When bid and ask are equal the market is said to be locked. Most ECNs will reject orders that would result in a crossed or locked markets. Last fall ISLD started allowing such orders. They are handled in a special...

AFAIK there's some futures brokers in Germany that use IB's TWS and backend to offer FDAX trading to their customers.

I absolutely love those people on ISLD that have no clue about order routing and just cross the market hoping someone will take their shares or maybe even believing that ISLD is working the order for them. I routinely get fills from people like that up to half a point out of market right at...

It would be great if we could continue the old thread here. On the listed front MIR is starting to look ripe for a picking.

The most comprehensive site for Merril Lynch HOLDRs is http://www.holdrs.com

That comment letter by IB that def pointed out is over a year old. The comment period for this new proposed rule has long expired and the rule has been officially approved by the SEC in the meantime. It is pretty much guaranteed that this rule will go into effect in September.

Are you saying that you don't use any stops at all and whenever a trade goes against you you just hold on hoping it will turn around? If such an approach works for you over the long run more power to you. But for me the key to consistent profitability and making a very comfortable living trading...

CaroKann, it cannot do anything that would harm data integrity, but rogue client software can easily overload a server. Quote.com's continuous capacity problems may very well be in part due to people overloading their servers with custom code.

Swoop, you must be trading stuff that hardly moves like WCOM, CSCO etc. There's a lot of high volume stocks that offer much more profit potential (e.g. VRTS, JNPR, CIEN) where you'd have a hard time trying to do that without going against the trend (i.e. offering out into buying pressure or...

Swoop, and you really expect to be able to fill your whole 10k share order at a single price level of a fractional cent? Good luck. Even on most very liquid stocks such an order will need to be spread over at least 5 cents to be filled completely.

Tradelog. http://www.armencomp.com

You must be really desperate if you have to try to squeeze out tenths of a cent with your trading. Nasdaq's NQDS feed does not support smaller increments than full cents. Some ECNs (e.g. ISLD) support fractional cents but to see those in your LII your data provider has to integrate the ECN...

MMs have 30 seconds to either fill your order or decline and move their market. Unless their liability is already exhausted when they receive your order they have to fill you. I get great fills from MMs all the time, you just have to know in which situations it is better to pay up for an ECN...

Firstquote (www.firstquote.com) offers a Realtick based data service with servers located in Europe.

I'm running a NAT setup (Zyxel Prestive 642R ADSL router) and have no problems whatsoever running IB TWS (verions 3 and 4, locally installed as well as from their server) and Nextrend.

If there's no tax treaty you will be subject to backup withholding at the 30% rate. Depending on the specifics of your income situation you may be able to reclaim some some of those funds by filing a form 1040NR with the IRS.

Due to their taxation being based on nationality and not residence US citizens face significant disadvantages compared to citizens of most other countries. As a non-US trader you should try to have your official primary residence in a country that does not have any capital gains taxes (e.g...