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What probably did not work as well as it was suppose to be were the OMS Middleware systems that cancel and route out to the regionals in response to Reg NMS compliance. These systems need more work since they were implemented hastily and probably underwent "stress test lite" due to deadlines.

silk. If the NYSE is broken due to the absence of specialists, why is the Nasdaq not broken as well since there are no specialists in the stocks -just countless eyeballs trading them? For that matter -the eminis and other futures contracts where no specialists exist? Just individuals who...

I suffered thru a "presentation" by a realtor yesterday about how she should be the listing agent even afer telling her that I already had a FSBO buyer at 560K . She said I am selling my house too cheap at 560 and that i should mkt it at 600k. After her cut assuming a pie in the sky bid of 600 i...

We are relocating from NJ to Ct w/in 3 months. I put my house up for sale by owner at a price of $565K. In 1 day someone bid 530 for it with a quick close since they sold their house already. After 2 emails, we are up to 540 bid. I don't mind selling it to them in the 550's since my own analysis...

If u think today is quiet , try monday. Yom kippur is usually quiet as well. or crazy busy due to illiquidity

I've used IRT for 3 years and have used that system thru revisions/bugs,etc. I can help with questions regarding datafeed,etc In return, I'd appreciate your insights on the new feature of it which is the package u are talking about. I got the email from Dr. Linn about it and did not bother...

Shreddog, good point on the OO being exempt from the Reg NMS but the edge in OO comes for a single source of liquidity - a big block of stock for sale on the 1st print that can be exploited by 1 man (Spec) with his minions ( the OO guys) . Reg NMS could disperse that liquidity since the...

Openings are predicated on a big block of stock at the specialist's disposal. When this block is parsed out to diff exchanges due to Hybrid regulations/NMS, where would he get the block to trade against?

Read Taleb's books. Look up "sticky" strikes. His premise is that the sticky strikes happen when there is an inordinate amount of open interest in one of the strikes and a good portion of the OI is sold by "somebody" who is not interested in gamma scalping position which leaves the longs...

Is there a way to fetch an option call /put price for only the ATM for equity options? To do my scans, I have to request the whole montage, calculate the ATM strike, get what I need then go on to the next ticker. It takes a long time, any suggestions on data sources? Life would be much simpler...

How is this "fund" different from the Exhos, and Bright's IMHO,-nothing.The moment trader has to write a check to cover his losses you are in a prop shops ala Bright model. Not that there is anything wrong with it. Mere obfuscation.

VTrader

Price improvement of specialists is predicated on the fact of the specialist having the "block" of stock with which to take the opposite position against. His capital + guys in prop shops with standing orders like the Brights/Echos butt up against these blocks at a good price usually just above...

Hi. I have 3-4 apps in my pc running concurrently. An execution platform, a charting system, Excel and Email. I have a VB6 program that writes stuff to Excel every 2 minutes or so. The issue is that whenever it fires, Excel captures the "focus" so if my cursor is in a chart or worse yet an order...

I was hoping to find some front running ahead of the announcement. There were 3 big blocks on the 45 calls traded past month, the last one was about 400 contracts I think 2 days ago on the Jly 45. Other than that nothing that would jump out at you. I will look into whether the ATM stradle...

If Refco can go under anybody can. It would be highly unlikely that the govt will let SIPC fail. Heck even futures accounts which are not insured technically, have a pretty ok track record as far as not having the customers fail in event of bad management by the brokers. The exchanges usually...

I understand your point about watning to go to GS for secutiry and REDI. However, there are other firms out there that has the same features u might be looking for. Assent is owned by Sungard and thier Anvil is better than REDI. In addition if you are really that big, put no more than 500k in...

I looked at the liquid demo and it seems to be pretty nice. I hear on these boards that Java platform sucks. Can someone elaborate why? Tons of people use IB TWS for scalping/trading and it gets great reviews. In what way does liquid suck? I use TOS retail and other than the absence of hot...

Since I had my first(I have 3 now).I have traded bell-to-bell about 20% of the time for the past 4 years. Part laziness but most of the time picking up after them, taking them to doctors, school vacations, snow days, etc. Oh and summer!!!! BTw I do agree with OC on this one-certainly worth...

Hey vp, if you don't think they are present , look up LTCM. A majority of their losses were in part bec they coudlnt get out of their huge position. If you don't think they exist, try trading in size in coffee , cocoa and Oj options.