Quote from tiddlywinks:
Excerpt from the CNBC link above...
The rollout on Monday will include part of the S&P 500 and Russell 1000 and will be fully rolled out for both indices within a week or so. It will also include selected Exchange Traded Products (ETPs).
No protection in the open nor the close. One other point: the LULD's will initially only operate between 9:45 a.m. to 3:30 p.m.; there will be no LULD from 9:30-9:45 a.m. and 3:30-4:00 p.m.
A Phase II that begins in October will expand the time LULD's operate to the full trading day, from 9:30 a.m. to 4:00 p.m.
Quote from Bob111:
makes no sense...with basically NO volume in premarket and first 15 min of trading and HUGE spreads. right now damn spreads can be 10%. cause those dumb f** killed the liquidity long time ago.
and keep doing it. yesterday premarket volume on IWM was 40K shares before market open. 2-5 years ago it was 4M. two months ago it was 400K. now-pathetic 40K. premarket volume on liquid etf's been my favored and simplest gauge for a market activity. and activity is GONE
--NYSE Euronext and Nasdaq OMX Group Inc. (NDAQ) will hold off extending the program to the last 15 minutes of trading days, according to an equity regulatory alert on Nasdaqâs website.---
ok,i got that. now what? one can trade via ECN's,dark pools etc. what you gonna do or can do about it? NOTHING.
it would make sense,if (as i propose long time ago)-regulators force all of us to trade on FEW centralized exchanges, rather than having 10's of them all over the place. this is one place, where we actually need the regulation.
bottom line- imo will not work in current micro structure.
Quote from SpunkyTrader:
I feel your frustration. My edge has gone to crap with lack of movement in the market. Call it quits here soon.
It's only going to get worse.
Quote from 5to12:
Try the BOVESPA -- Just a biased notion but, back in '02 when it became clear that the Workers Party candidate, Lula da Silva, would win the forthcoming pres. election, most of the MSM were depicting him as some hard-core former labor leader Leftist who could only make things worse. Clearly these pundit/opinion makers/analysts knew nothing of da Silva [and the PT's] rightward movt. during the prior years.
So much so that he chose IMF/WB related econ advisers, began correcting the debt and monetary 'crisis' and helped send the Bovespa from c. 9000 to around 60k with many individual shares doing much better [SBS ran from around 5 to over 50, but jeez, when I saw it at
5 and change, it was load up time, i.e., I was astounded that the largest water treatment facility in the hemisphere was being given away.
Now that market has been too high for too long......should be some great shorts. But, as almost always, timing, DD, etc.
Take a peek into Mongolia
Please Do Not Take This as Investment Advice,
I doubt that. simply because in US stock market is a pool of private capital, where anyone can invest in any company.this is the core of capitalism. name any other country, where you can trade 3000-7000 stocks. it doesn't exists.Quote from SpunkyTrader:
Perhaps other global markets will become more trade-able in it's place.