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There are things that go on the floor of the NYSE that one sitting in front of a computer screen is not privy to.On Nasdaq,the fills are faster,the quotes are accurate,the spreads are tight,and there is more opportunity.Forget the fact that there are many MM's involved.If you trade based on...

That is correct,on Nasdaq you only need an up-bid(as opposed to an uptick)to short,or if the bid is a downbid,you can short at least a penny higher.It is therefore much easier to get short on Nasdaq than on the NYSE.

I think some prop firms recommend NYSE because it means more commission dollars for them.Less volatility = smaller moves = more volume to reap the same profit = more commissions for the prop firm.No matter if their customers make money or lose money,Duke & Duke still get the commissions.

I think when Island orders are looking to remove liquidity,they will only trade with other Island orders.So if the Nasdaq market is 40.00 x 40.01,with no Island offers until 40.05 and 1000 shares offered there and i put in an order on Island to buy 1000 at 40.05,i'll get filled at 40.05.Best bet...

With Supermontage coming soon,i don't think Nasdaq orders will be getting traded through without first taking out all available liquidity.I doubt they even occur nowadays,since Supersoes only trades at the inside price and proactive ECN's take out all available liquidity before trading to the...

it looks like Otis Tucker likes the software.Amen....http://www.wizetrade.com/

I have heard of many cases where options specialists don't always honor their quotes.

I think the DOT orders will get screwed more often than floor broker orders,as far as the specialist honoring his quoted market is concerned.I think they're more likely to put up fake sizes when there are no floor brokers at their post.

I also noticed that sometimes you go to hit a bid and you get offered there or you go to take an offer and you get bid there,all without the stock trading there.I wonder how often these are cases where the specialist is just posting a fake size to entice buying or selling to benefit his position.

I think only Nasdaq small cap stocks are exempt from the short sale rule.

So how often would you say it works if you just short when you see a big bid and go long when you see a big offer?

To me,if one is already receiving 5 or more to 1 leverage(through a pro firm),SSF's won't really offer any advantages compared to stocks,except for the ability to short on downticks.If this rule is ever abolished for stocks,they really won't offer any advantages,in my opinion.

Don,some questions to throw at them. 1)Will the contracts be fungible among all the venues? 2)Will they be subject to the PDT rule? 3)When will they begin trading? 4)What are the margin requirements and tax ramifications?

I assume SSF's will not be subject to the PDT rule?

anyone know how the women are in Vegas?

My broker mentioned that i could write options in a cash account,but for call writing you need to be long the stock and for put writing you need to have cash in the account equal to the amount you would have to pay to buy the stock if you were assigned an exercise.Is this correct in that i can...

I think i finally got it.Here is a summary of what i learned.If anything is wrong,don't hesitate to correct me. In a cash account, you have to wait three business days to use the funds from a stock sale. In a margin account, you can use the funds immediately. If a margin account has less...

I thought options couldn't be purchased on margin?unless you are referring to writing them?

So i assume before this PDT rule came out,people were able to do an unlimited # of daytrades(getting only 2 to 1 margin),no matter how little they had in their account?

and with 2 to 1 margin for daytrades only right?