Hatred of the NYSE

JMartinez · Nov 24, 2006

Quote from B1010:

WORD

If they do nothing accept match, why isn't more players involved in making markets?? It is so easy.

As I said earlier, Nit, MAD, ATD all can make listed markets. But they don't make two side quotes. They are still pricing off NY. Again, nobody is trying to swing their balls around. I still can't figure out how you guys think anybody is even trying to compete with them in making markets. All the regionals are a bunch of p*ssies. There is nobody else. LOL!!

Hydroblunt · Nov 24, 2006

Quote from JMartinez:

If they do nothing accept match, why isn't more players involved in making markets?? It is so easy.

As I said earlier, Nit, MAD, ATD all can make listed markets. But they don't make two side quotes. They are still pricing off NY. Again, nobody is trying to swing their balls around. I still can't figure out how you guys think anybody is even trying to compete with them in making markets. All the regionals are a bunch of p*ssies. There is nobody else. LOL!!

I do not understand how you try to compare an over a century old monopoly to someone like Nite. If Nite was to get order flow like NYSE, you can bet your @$$ they would get more active and appear to "provide liquidity".

Rearden Metal · Nov 24, 2006

Quote from JMartinez:

If they do nothing accept match, why isn't more players involved in making markets?? It is so easy.

As I said earlier, Nit, MAD, ATD all can make listed markets. But they don't make two side quotes. They are still pricing off NY. Again, nobody is trying to swing their balls around. I still can't figure out how you guys think anybody is even trying to compete with them in making markets. All the regionals are a bunch of p*ssies. There is nobody else. LOL!!

They don't make markets on listed stocks for one simple reason: It's not a level playing field! They'd be mad to try and compete with the specialist while he still holds all the cards. The price movements (and displayed bid/ask sizes) of Non-Hybrid NYSE equities are influenced by more than just natural supply and demand. To a great degree, the stock goes wherever the specialist wants it to go. You can't compete with that!

Rearden Metal · Nov 24, 2006

Some of you may be surprised to see me here complaining about the specialists. It is widely believed that for the most part only losing traders do that, in order to avoid taking personal responsibility for their own red ink.

My answer: I'm discussing the issue now, after market hours- but never while I'm trading. When I lose money I don't blame the specialist- I only blame myself.

max401 · Nov 24, 2006

Limit Orders -if you can type fast enough.

JMartinez · Nov 24, 2006

Quote from Hydroblunt:

I do not understand how you try to compare an over a century old monopoly to someone like Nite. If Nite was to get order flow like NYSE, you can bet your @$$ they would get more active and appear to "provide liquidity".

I totally agree with you. If you had a monopoly you would guard it too.

"Whoever controls the spice controls the world!!!!"

They got it all man.

Hybrid will prove how smart NYSE is. Great product in my opinion. It looks like they may actually pull it off and crush everyone, IMO. But who knows how Reg NMS will pan out. NYSE will be the same as all it's competitors and MORE.

So that monopoly may still hold longer than people think. Just kind of depends on the how the other markets operate, rate structures, and specialist happiness. If they dont watch themselves the NYSE can go the way of market makers. The specialist will be their ultimate weapon on the new market. If the NYSE pisses off the specailist , they'll bail. Or the NYSE can 86 the specialist similar to other stock exchanges and get rid of one their biggest assets. Weren't there market makers around a few years ago?? LOL

It's going to be an exciting year this year.

Rearden Metal · Nov 24, 2006

Quote from JMartinez:

...and specialist happiness. If the NYSE pisses off the specailist , they'll bail.

... Or the NYSE can 86 the specialist similar to other stock exchanges and get rid of one their biggest assets.

You have GOT to be kidding me! :eek:

Three possibilities, as I see it:

A) JMartinez is a specialist himself, or allied with the NYSE specialists in some way, and is here trying to lobby on their behalf.

B) JM's posts here are some kind of practical joke, trolling, or something along those lines.

C) JM is sincere. He really is that confused. He thinks that parasites are somehow an asset. The NYSE should be careful not to piss them off, as they might protest by refusing to rob us any more.

So guys, anyone care to guess what's really going on here?
Is it possibility A, B, or C?

jimrockford · Nov 25, 2006

Quote from Rearden Metal:

You have GOT to be kidding me! :eek:

Three possibilities, as I see it:

A) JMartinez is a specialist himself, or allied with the NYSE specialists in some way, and is here trying to lobby on their behalf.

B) JM's posts here are some kind of practical joke, trolling, or something along those lines.

C) JM is sincere. He really is that confused. He thinks that parasites are somehow an asset. The NYSE should be careful not to piss them off, as they might protest by refusing to rob us any more.

So guys, anyone care to guess what's really going on here?
Is it possibility A, B, or C?

My guess is choice A: that he financially benefits, in some way, from current arrangements at NYSE, and that this motivates him to defend those arrangements, without much regard to justice, to fairness, or to the needs of other market participants or to the public good.

georgie · Nov 25, 2006

trade commodities and the underlying like the rest of the educated universe.......fuck the nyse......its the worst combination of nasdaq and amex now.

mnx · Nov 25, 2006

Quote from georgie:

trade commodities and the underlying like the rest of the educated universe.......fuck the nyse......its the worst combination of nasdaq and amex now.

how can you compare the nyse to the scamex? AMEX is the biggest POS out there. for one thing it has no depth of book at all... ever tried trading NVR? kind of impossible if you ask me.

I bet most of the time I get screwed from someone on the floor it's not the specialist at all, probably some other idiot standing at the post calling me on fake size... Or a real buyer/seller... Either way theose guys on the floor have a huge edge being able to hit entire quotes instantly (or if not instantly prevent my cancels from be acknowledged...)

I thought hybrid would suck for me but I love it.... it's fantastic!

-mnx