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Good find. Thanks 4 posting it

Zillion $ question is how to read when the smart money has put in their trades? To join the smartest dumb group… :)

Sorry Jack, I mixed you up with the OP... My mistake.

@bat1 Regarding perfection. Getting the perfect fill for 100 shares and getting the perfect fill for 200,000 shares are totally different matters. The first requires knowing when to pull the trigger... the later requires a strategy for accumulating or distributing the stock through a period...

so you're saying that goods add more to the economy than services do?

Ripley, About your original question... you may want to check out this thread. http://www.elitetrader.com/vb/showthread.php?threadid=240670

The business of renting up space in datacenters for co-location may get wiped out by Quantum computing and networking . But not HFT itself, if anything this will help HFT's go even faster... by allowing them to Arb the price of the nikkei in chicago and tokyo at the same exact time...

If you want to setup a demo, all you need to do is setup your PC with teamviewer or logmeIn and have the person that's getting the demo login remotely and see the system running in your local PC. ;) :D

Most dp's negotiate fees on a broker by broker basis depending on overall volume etc… So your broker is the best place to start…

Reserve orders are a problem when reading the L2 to spot S/R. Dark liq not so much since it doesn't stoP the price from moving. When I talk about getting in early it is by paying the spread and lifting offers once the L2 shows that the prob is on the right side…

Reserve orders are a problem when reading the L2 to spot S/R. Dark liq not so much since it doesn't stoP the price from moving. When I talk about getting in early it is by paying the spread and lifting offers once the L2 shows that the prob is on the right side…

The orden book shows price action. It's true that it has noise. But when you come across a serious support or resistance it shows clearly (as a stupidly large size at ##.50 or ##.00) on the L2. This allows you to get in the move before it happens by looking at how size behaves. Eg when the big...

RT. If flawless execution could replace tactic n strategy then programming a computer to trade would be a walk in the park. Unfortunately it isn't. You need good tactics and strategy to be profitable in the markets, as well as a disciplined execution.

Entering an attributable (not anonymous) quote is a characteristic of the order entry system, not a characteristic of the market data system. e.g. the quotes that are entered by a broker (say MSCO) through their order entry are displayed with that mpid on the level 2... Any firm that has...

By "move your own market" do you mean like the mass quote (through newOrderList) that's used by MM's?

Well... those market feed specs are meant for institutions, not for individual traders... :confused:

Oh ok. So it includes the pending Stop orders? Now that'll be nice to have... I've seen many providers that give you a book feed, detailing every Limit order on the book (very useful on the tick credit stocks), but I've never seen a quote feed that includes the pending stop orders and...

Level I shows the Best Bid and Best offer for each MPID... Level II shows several price levels for each MPID... What's Level III?

It only allows you to do such things on behalf of the firm that sponsored you, not independently. This is why you require to be sponsored in order to take the 7.

Wow. you been doing this for some time. Some of those indicators are pretty well elaborated :) On my side I'm just getting started with coding my own indicators. I'm used to trading strictly with L2 (using charts only for occasional reference), I also studied many of the standard...