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IB really has been great for me. Low commissions, and adequate service whenever I call. The interface is simple, but does the job. I was attracted to IB for its commission schedule, no doubt. I am definitely going to try out Tradestation now, due to its lowering of commission rates. I was...

RealTick 7.7 was rushed out the door by senior management, as a response to the big crash several weeks back. It is very raw, with numerous bugs. I migrated up to V7.7 on their first available release, and here is a list of bugs I found (that didn't exist in V7.6): - My V7.7 session died...

Thanks for all your points. The bottom line for me is: How can one expect a fair system, when the role of the Specialist is "to maintain and orderly market"....yet, the Specialist and its firm are in the business to make money??????? If Specialists were paid a salary (not a minimum wage...

In your scenario, the laws of supply and demand should take over. In the case of an extreme selloff, prices will plummet, and stop losses will fie off, driving prices down. I don't believe the Specialists stepped "in front" of the 1987 crash, did they ? Did they really soften the blow, and...

Mr. Sinister, I agree with you wholeheartedly. How can things be more blatantly obvious ? The conflict of interest issue is extremely valid. Unfortunately, our interim CEO, Reed, did not actually help the situation with his recent stipulation that "there are no inherent flaws with the...

To say that there is nothing fundamentally wrong with the Specialist system, is an outrage. Has he ever traded before ? Has he ever seen these advantaged-traders in action ? I lost all respect for him today, especially on the heels of the news on the Specialist fines levied today, for...

To say that there is nothing fundamentally wrong with the Specialist system, is an outrage. Has he ever traded before ? Has he ever seen these advantaged-traders in action ? I lost all respect for him today, especially on the heels of the news on the Specialist fines levied today, for...

To say that there is nothing fundamentally wrong with the Specialist system, is an outrage. Has he ever traded before ? Has he ever seen these advantaged-traders ever in action ? I lost all respect for him today, especially on the heels of the news on the Specialist fines levies today, for...

Slim, For equities, what is the single most used tool by you, that allows you to run winners up, as opposed to cashing out early ? TIA !

P.S. to last post, As far as reliability is concerned, if you are worried that your wireless router is a point of failure, you can either: (a) have a 2nd one available (they are cheap) OR (b) If router goes south, plug the Ethernet cable from your PC directly into your WAN...

I strongly recommend this product. Gives you wireless access throughout your home PLUS gives you 3 local hardwired ports, which gives local PC's WAN access. It is extremely reliable......correction, it is as reliable as your broadband connection is reliable. I have Optimum On Line (Long...

IB is your man. Good execution, and partial commission rates on partial fills apply, unlike an Ameritrade, E-Trade, Schwab, etc. Their system availability is excellent as well.

Also, NY (east here). As of 12:30 PM (EST) Level I is back up, but no Level II. Tech Support told me that their login servers threw up, and were unable to communicate with their price servers. Regardless, totally unacceptable.

Inexcusbale....and to make matters worse, I just committed to a year of service with them. They better do something for their customers for this outage.....no excuses to be out this long during a trading day.

Dave, Yes, I agree. I trade mostly illiquids though, so real-time OB might benefit me considerably. Very hard for me to believe that the biggest exchange in the world, doesn't have the network capacity or throughput to handle the OB real-time. I think they should be investing some of...

Another needed improvement is real-time (as opposed to 10-second delay) NYSE Open Book. If OB was real-time, I'd be more inclined to buy/sell market, and less inclined to place limit orders. When market orders are placed on the book, opposite to my position, I'd be able to trade market more...

I have no problem with anyone pennying me on limit orders - that is that nature of the game. I DO have a problem with a Specialist doing it, since he has a much more inside view of the market than I do, and his # 1 job is supposed to be a "stabilizer of the marketplace for the given equity". A...

When "big" events occur, don't let the NYSE propoganda let you think for even a minute that the Specialist will be there to "stabilize" the market place, and be the last person to buy or sell. That is bunk ! Specialists are there to make money for themselves, period. Anyone who thinks...

No, what I mean, as an example is: market is 10.00 by 10.06, and I'm sitting with the best ask at 10.06. Market orders come in, which should hit me at 10.06, but these orders get filled at 10.05, due to price improvement. 5 or 6 of these situations pass, and then the market starts moving...

I believe scalping has limited upside, as opposed to longer methods of trade, but has much limited downside risk. It is because of this latter item, that I scalp trade. It has gotten increasingly harder to scalp as this year has progressed, but I think it is directly related to decreased...