Bright questions

Originally posted by captainkirk
don have you or anyone else
noticed that the regionals are often showing better quotes or that the nyse is not as liquid lately. even in ge on fri i counted 4 better quotes than where the nyse was at the bid/ i often see the nyse jump to the back of the pack. I am having a hard time paying 3 times the spread than i am used to.

Any explanation.
More...

You will notice the "unreachable regional" quotes quite often. More often than not, these quotes are not active. We have the ability to "wake them up" - but rarely are the prices an improvement on the ECN's or the NYSE.

I have not noticed any lack of liquidity on the NYSE myself...are you referring to specific stocks??
 
Don has it right. Most regionals follow the primary market(ie. NYSE). Once in a while there is an arb avialable, but this is often just a "bad" quote that needs updating. Our ROX software has access to the regionals Boston,PSE & Chicago-however, most of these regionals will not honor posted quotes from pro traders.

Word to the wise, Trade NYSE stocks on the NYSE and get potential price improvement and a "real" market. Use ISLD or REDI for ECN match's on the NYSE and avoid the regionals.


Gene Weissman
Lieber & Weissman Sec., L.L.C.
gweissman@stocktrade.net
 
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