I think the answer is yes, everyone gets access to the data. The part i was trying to clarify is that no one is going to put an arca auction order on a liquid nyse stock because they would get a worse fill. In the past, people have thrown huge orders on NYSE and AMEX stocks both in the morning and the close, and they have been raped on price. In fact, i would guess thats why this thread started, because people wanted to get in on the free money found (yet again) by Mr. Creativity, mnx.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Arca Auction
- Thread starter Pete3212
- Start date
I think the answer is yes, everyone gets access to the data. The part i was trying to clarify is that no one is going to put an arca auction order on a liquid nyse stock because they would get a worse fill. In the past, people have thrown huge orders on NYSE and AMEX stocks both in the morning and the close, and they have been raped on price. In fact, i would guess thats why this thread started, because people wanted to get in on the free money found (yet again) by Mr. Creativity, mnx.
Quote from cheznikos:
Thanks for your comments but no, sorry, i'm pretty sure you're wrong.
There is NO opening auction on Arca for a stock like GE. I'm not saying people are not using it. I'm saying there is NO such thing.
Now if someone is SURE about the contrary i'd appreciate his comment a lot.
Ok, I can guarantee that Szeven is right and your assumption about there being no auction is wrong. There is an arca opening auction for every stock out there. For it to appear, all you need to do is enter an arca market order before 9:30 and it will show up in the list.
capiche?
-mnx
I'm very confused. A representative from the NYSE answered that to me :
"
NYSE ARCA runs opening auctions on symbols that are exclusively listed on NYSE ARCA. I am including a link to the auction web page.
http://www.nyse.com/productservices/nysearcaequities/1159265934388.html
If you have any questions, please call.
Thanks,
Clancy
clancy siko
director
manager-trading operations desk
"
Is this person wrong?? Anyway on the nyse website i was able to see auction imbalance and indicative prices ONLY for NYSE ARCA only stocks. So her explanation sounded reasonnable to me.
Or perhaps there is an Arca opening auction for GE but Imbalance and indicative prices are not displayed?
Have you ever seen imbalance and indicative price for GE (or any regular nyse stock)?
"
NYSE ARCA runs opening auctions on symbols that are exclusively listed on NYSE ARCA. I am including a link to the auction web page.
http://www.nyse.com/productservices/nysearcaequities/1159265934388.html
If you have any questions, please call.
Thanks,
Clancy
clancy siko
director
manager-trading operations desk
"
Is this person wrong?? Anyway on the nyse website i was able to see auction imbalance and indicative prices ONLY for NYSE ARCA only stocks. So her explanation sounded reasonnable to me.
Or perhaps there is an Arca opening auction for GE but Imbalance and indicative prices are not displayed?
Have you ever seen imbalance and indicative price for GE (or any regular nyse stock)?
Looks like you're right friend... I don't know when they changed their system but looks like auctions are now only for nasdaq, amex, nysearca only listed stocks...
cheers!
-mnx
cheers!
-mnx
Quote from cheznikos:
I'm very confused. A representative from the NYSE answered that to me :
"
NYSE ARCA runs opening auctions on symbols that are exclusively listed on NYSE ARCA. I am including a link to the auction web page.
http://www.nyse.com/productservices/nysearcaequities/1159265934388.html
If you have any questions, please call.
Thanks,
Clancy
clancy siko
director
manager-trading operations desk
"
Is this person wrong?? Anyway on the nyse website i was able to see auction imbalance and indicative prices ONLY for NYSE ARCA only stocks. So her explanation sounded reasonnable to me.
Or perhaps there is an Arca opening auction for GE but Imbalance and indicative prices are not displayed?
Have you ever seen imbalance and indicative price for GE (or any regular nyse stock)?