Forget about that def. You might as well yell at your dog. :D Hopefully they (AMEX) will be out of business soon. In the mean time they will pad their pockets at any expense.
Hmmmmm...
AutomatedTRader
Member
Registered: Dec 2002
Posts: 34
02-20-04 03:44 PM
REMOTE @ Generic
I trade remote in Generic (mostly listed)...I never feel any lag ... I think its a question of how you are connected. ..I have Optimum online cable..which is even faster than T1...
To sell insurance, you want people to have fear. To be a vulture and get people to sell you things cheap, you want people to have fear. Buffett preaches fear, he is a very shrewd man and he knows that his words effect the markets.
These are great plays! Major Bad & Good news on any liquid stock. The key is to know when the spec starts buying or shorting. Riding his/her prints is the key.
2. $1.00 a cancel all exchanges
CBOE, AMEX PHLX= 500 fills & 501 cancels, end of month charge is $501
ISE= 500 fills & 501 cancels, end of month charge is $1.00
PCX= not possitive here, probably like CBOE
The charge is based on all fills vs cancels for the month for each executing...
Dude, That's my point. At the end of the month, IB ( or who-ever your execution agent is) will end the month on the plus side in fills vs. cancels. Therefore they will not absorb any cancel fees.
:eek:
FYI Nitro,
Your execution agent, (I believe in your case IB) does not necessarily absorb a cancel charge every time you cancel a trade. The fee is based on the number of fills vs the number of cancels on a monthly basis.
The various DPM's proposed the fee to discourage ex-floor guys that went "retail" and started competeing with their former bretren. The exchanges then approved the rule.
Heads will fly at Bright for this, and Don will personally get back to you. Who knows maybe they will offer you one of the " 18 new Manager" positions opening this year. :D
Let's see, three jobs data reports due out at 8:30. It is my opinion that there should be a significant directional move at the opening bell. Now if I only had those reports today.:D