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People have been saying this for 40 years now, yet still no zombies.

great post. you obviously have more patience than I today.. ;)

yep. I usually don't trade thin issues.

I've never had a sub-penny order prevent me from getting filled. I'm not scalping though....

Are you scalping? Don't get me wrong, I see this on the tape everyday but it doesn't affect my trading. When I want shares the ask always comes through my bid even when a sub-penny order prints.

Since I appear to be in the "other" camp I guess I'll respond. I get what you're saying, but I honestly don't run into this issue. Why don't you send the order to another ECN? The sub-pennying happens before NBBO, so if you're consistently getting screwed get another broker.

lol - nice red hearing making up some bs about how I never think I'm wrong. Even though you're a moderator you apparently don't know how to search. You can go back a few years and see how I've talked about some losses of mine at-length. I'm frequently wrong though as I've gained more...

Registered: May 2010 lol - to each their own. Nice job btw nearly copying my statement from a few days prior. edit: and this is not a shitload of posts. 10k+ is a shitload... 2-3 posts/day is not a shitload.

^this. Same with the Cadillac. GM shit-canned a lot of their design org a while back, got new blood in there.

Some of those new buick's look tight - especially that Lacrosse. They have a supercharged version of it coming out - will probably be my next car.

that's why we use vaultwise for our server backup and workstations

No, that's not what I'm saying at all, and that's not what is happening.

^this. I also agree with the rebate comment someone made. Make no mistake: HFTs are the next evolution of MMs on ECNs.

Your apparent understanding of how things actually work in the Real World has no place on this board... :)

There's too much info for an internet post. You need to learn more about how markets work, then you'll understand what risks a MM has. edit: don't over-complicate it. The role of a MM is very basic, as are their costs.

It doesn't matter that it doesn't affect you - the problem is your apparent lack of exposure to what you're talking about. You admit that it doesn't affect you so that must mean you have no experience with it or anything directly related to it, yet you feel qualified to give an authoritative...

You don't swing enough capital to sub-penny, just like you don't have enough money to have a private jet on standby when you have a 2000 mile trip. You're not losing anything by not sub-pennying unless you are doing insane volume, in which case you should look into a better arrangement with...

What really is our debt? How can you believe one number they publish and not the other?

Because an electronic marketplace is still a marketplace: the medium doesn't matter, the participants do. I apologize - you said "fair" and I totally agree: a fair market however doesn't mean everyone prospers, it means that the winners win and the losers lose. The sellers always have the...

no no no!!!! You're wrong. For duck's sake: the definition of a free market is that seller's decide the price. If a seller doesn't need to sell at a particular price then it's up to whether they _want_ to sell at a price. If the seller doesn't want/need to part with an issue at a price they...