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I have never called anyone on this board an idiot, but you are tempting me. An interesting observation I have often made is that those who know nothing about what they are talking about always sound most certain and dogmatic. That makes me wonder about my own posts here on ET. But then...

No, I think it would decrease the cost for investors trading and decrease the rebate for traders trading. The only thing that I don't have an opinion about is the effect of your proposed rule change on traders investing.

If you sell 1000 shares of a $50 stock through SOES, IB charges you $7.50, whereas PD charges $5 + $2 + $1.51 = $8.51 isn't it?

Sorry to hear that, but you are obviously not a scalper. At least not a very good one.

Maybe someone should explain the whole situation to the decision makers at the NYSE (I hope it's not the grinning gnome that always jumps in front of the camera as soon as he sees the red light come on). Please correct me if I'm wrong, but the only reason preferring the NYSE over Nasdaq (or...

In computer networking the term "streaming" used to mean TCP. But I think the way traders use it with regard to quotes it means the following: A snap shot quote requires a request to be sent out from your computer (usually when you click a "Refresh" button on a web site) before a price...

No offense, but how do you know the win/loss ratio is important for your trading if you are not even sure how to determine it?

I think you are afraid of the same thing I'm afraid of, and I'm afraid it's going to happen. Even if the rule you cited stays the same, there is still a way around giving you the price improvement you deserve: When a arge order comes in, the specialist will partially execute it against each of...

:D

I got short BAC in the spike (by virtue of a previously entered limit order). Funny thing was, the order was re-routed from the NYSE to ISLD very quickly, where I was of course filled instantly. Didn't notice any unusual delay in IB quotes. Of course you usually don't get the price you see...

First of all, I more often get a locked or crossed quote on IB TWS than I used to until a couple of days ago. Secondly, when the inside quote is 68.42 x 68.44 and I have a sell limit on NYSE for 100 shares at 68.49, I sometimes see several blocks going off at 68.50 without being executed...

If my NYSE quotes and fills are any guide, it took effect yesterday. I am starting to trade Nasdaq again. EBAY is not that bad. At least scalping NYSE and Nasdaq on the same day makes it more challenging, because you constantly have to change from paranoid/Rainman-style to slow-mo Wall...

Select a broker with good insurance.

I'm afraid you might be right. That's probably why they call the whole thing "liquidity", because it will definitely take away liquidity. If I don't get rewarded for keeping limit orders at the NYSE, why should I? Might as well post them on ISLD and at least be able to cancel them within...

How about those who run around with a strange funky little hat affixed to the top of their head (or the back if their bald spot is too large)? Can we make fun of that, too? But at least they mutilate only a part of their bodies that is not normally shown on national TV. Otherwise I don't...

I guess as long as you don't forget Hanukkah, you should be ok.

Could someone who is familiar with these terms please explain what exactly they mean by "unless the specialist in crossing the order obtains price improvement for it"? The way I see it, there are really only two ways this whole new rule BS can play out: 1. The NYSE will be like any other...

Is it just me or is anyone else here thinking that the liquidity quote together with the open book will be like a "poor man's level II"? (Or as the case may be a rich man's level II obviously)

I couldn't agree more. I was a bad trader when I didn't have enough rules, so I made lots of rules. I never had a problem following them, but I still was not profitable. Now I have only one rule: If I wouldn't get into a position now, I must not stay in such a position. Seems to be...

All I can say is I want to have your problems.