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Tape reading is history, nowadays the tape prints so fast that it is impossible for a human to keep up with every print & the specialist no longer dominates the stock, so there's no one to read... Having that in mind, wyckof's books and maverick's thread are a great read, for...

Goldman. :)

The good thing about placing them at the exchange is that if your server blows up, your stop order is still live. The bad thing (if you're a bit paranoic) is that the exchange (specialist, MM, DMM, etc) could use the info on your stop orders to shake you out of position... but that might be...

Unfortunately, the people running the government (not only in the US but pretty much everywhere... ) are ALL politicians... Those who are not politicians and get to positions of power, quickly become politicians.

Do you know if there's any rules that the brokers at the floor have to comply with regarding the imbalances?

Hmm... according to NYSE rules, closing imbalances cannot be flipped. As orders that add to an imbalance are not allowed after 3:45... not that the boys at the NYSE are known for playing by the rules...

That's probably due to the fact that you used 2008 dollars. One of the biggest problems with running deficits is that it creates inflation...

The decadence of family values in western civilization can hardly be blamed on the chimp... this is a trend that's been going on for decades, not only in the US but all over the west.

Light at the end of the tunnel?? That's a very unique perspective you have there. Sure it was good for US industries and jobs... but it came at a price WAY too high to pay... Tenths of millions of lifes ended during that conflict. And the risks were off the chart, fortunately the world was a...

"A bit more contentious, naturally, was the issue of flash orders — quick sneak peaks of orders appearing in other venues that some traders can access. In recent months, the NYSE complained in a letter to the SEC about the electronic exchanges' flash order programs and BATS and Nasdaq withdrew...

Simply handing money over to the poor does no good. It actually makes things worse. Help to the poor should come in the form of education and opportunities to earn a decent wage...

I have usually sided with the Laize Faire crowd, but from a while back I've been under the impression that allowing the gaps created by globalization to continue growing as they are today, is not a viable path. So, now I'm more inclined towards ideas such as using more than the GDP to measure...

That sounds easy. How soon can you unplug the internet? btw... option 3 sounds best...

1. Well... I thought that the FLASH functionality of EDGX was done via their ELP program... I might have mixed em up... :confused: :confused: 2. yeah, they have a whole bunch of different routing types, but try explaining that concept to a couple of senators in Washington that are too deep...

What do you think ELP is? EDGX routing options have some that use IOI destinations before sending orders to the market, some that only go to IOI destinations and some that don't go to IOI destinations. Those IOI destinations are ELP's that get an indication of interest for a few...

Oh ok then... I misunderstood your last post... If you're not buying from yourself then there's not a problem...

why, do you trade Nikkei futures at the SIMEX? :P

EDGX - they still provide the ELP program (they just ceased to try to push a flash order similar to nasdaq's and bats broader approach). They talk in favor of flash orders, and they included flash orders in their SEC application to become an exchange. ISE - They're not supporting them...

Yes, actually. It's called the Securities and Exchange Act. It says somewhere that when you do the kind of trading you just described the SEC comes after your neck. :) But even if it wasn't illegal, you'll PAY 0.3 to remove and get paid 0.20 to add... and your gross is 0 (youbuy/sell...

I'll gladly take one of those jobs :) At a discount, only 150x the avg US salary... way cheaper than 500x. :)