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I have a question for those traders that are currently using openbook. I have found it useful so far but I am still trying to figure out how to best use it. Anyway the question I have is that sometimes I see the specialist in certain stocks put some size on the bid or offer (sometimes large...

Thanks for the response. I knew it would be easy to clear up once someone from Bright showed up. Thank you.

I started the thread asswipe because I wanted to know. It would have been real easy to end it if someone from Bright would show up and say yes or no that it is happening. I found it interesting because of the flood of Bright traders coming into my office. That is where I heard it from...

Yea that is the person I was talking about.

I was hoping to get a response from Don Bright or the other guy on here that does the remote trading for Bright (forgot his name but his advertisement is in his footer of his posts) since they would have the real info. That way we could get the scoop from the source rather than speculate.

Dr. Zhivodka I sent you a PM. Now about Protrader I know they have direct NX feature and I am pretty sure they have MOC. However I don't know about OO and premarket indications. Also I know they don't have order imbalance information at the end of the day. They did add the bullet feature...

I keep hearing rumors from some Bright traders and some ex-Bright traders that Bright is cutting a deal to move over to Instinet clearing services and using Protraders software. Is there any truth to the rumor from those who know such as Bright employees or Don Bright himself. It might be a...

A lot of firms will show the regionals but for some reason do not have the ability to hit them. So kind of worthless to have them on your screen if you can't hit them.

Actually I should probably have deleted the post. Don't want my edge to get out.:D Have you noticed also the dramatic increase in ECN activity on some of the bigcap NSYE stocks in the last few days?

One thing I noticed is that there are a lot or arbs out there with the regionals and you can get pretty good size at times. Also when the NYSE guy moves his quote there can be a lot of stray shares that you can get if you are late to the move. What I find interesting is that many NYSE traders...

I had a question for those you trade NYSE stocks and have access to the regional exchanges. From what I understood I thought ARCA took over the PSE exchange. So if other firms see a quote for PSE is it really someone entering the order on ARCA. I am asking this because the firm I trade thru...

Actually I think the story goes that when Block went bankrupt 3 companies bought the rights to the software. Blackwood, Andover, and I don't remember the name of the third one all got the old Block software they had been developing. From there they all added their own features to the software...

So if you send a soes order it will hit MMs and the ecns who joined supermontage. I assume to hit inca you have to route to inca although it is in ADF. Also you route thru island to hit island since it is a UTP. So if you send a soes order does it trade thru the ADF, Island, and AMEX quotes...

Has anybody watch QLGC trade. It looks like the same mess as before to me. I was hoping it might clean up the moves, but it still looks like most trading is on ecns and it is still real choppy. Anybody trading QLGC here who can comment?

I sent you a PM -- check your mail.

I have talked to someone who recently left there. They said the head trader is a very good trader. However costs were insane -- along the lines of 1.2 to 1.3 cents a share and bullets that cost more than $80 per 1000 share bullet. That bullet cost is craziest thing I have heard of. Then on...

I basically scalp/intraday trend trade stocks but moved my timeframe out from 1 and 3 min to 2,5, and 15 to get a larger perspective on support and resistance. I figured I could read the tape and use relative strength (not the indicator) to pick my entry spots so I did not really need the...

I know this won't help you at all because I don't have a good answer to your question. My girlfriend recently asked me what to do with money she had inherited that she has been taken out to the cleaners by her "investment professional". I had no answer for her. After seeing so many bull...

It was really all in fun. I just moved over to trading NYSE in the last couple of months. Most of my trading experience was with nasdaq but I like NYSE so much better now that I got used to order routing and the slower pace of moves. I don't have to filter as much noise now that I trade NYSE...

Thanks for explaining all that. So my question is that what have they really accomplished after building up to SM for 3 years or so? It sounds like the market will still be fragmented and inefficent as it is now. However I guess it will be interesting to see how much volume is pulled from the...