Hey NYSE: STOP "pennying me to death"!

J

Jesse J.

They got one thing right with this whole "frontrunning" thing, that the turn to decimalization, and more specifically "pennies" has enabled the robbers to more easily rob.

If the NYSE were really serious about reform and image, it would quit this penny nonsense, and goto nickels.

Nickels work great with options, and options over a few dollars trade in dimes, and that works well too.

If it works fine with options, then how about stocks? duhhh.
 
I hate to say it.........pennies are the reason there are 30% less institutional jobs on Wall Street. Remember those.....jobs with a paycheck and a BONUS! Remember stocks traded in and out naturally for an EIGHTH of a point! It has been downhill the day pennies went into effect. It was not bad enough IPO's and banking went to the s_ _itter. Teenies were not bad enough. I agree nickels would make all of us happier than these F_ _KINGGGGGGG pennies. I started rolling my pennies!!!

ebo
 
When pennies first came out I loved it. At the time there was more volume and institutional activity so things had more follow thru. I could risk 3 or 4 cents with the possiblity of making 15-30 cents all day long. It was great. I was trading mostly nasdaq back then.
 
WHAT IS WRONG WITH YOU PEOPLE? THINK ABOUT IT!

THEY DON'T SET UP THE MARKETS WITH BIG SPREADS JUST SO YOU GUYS CAN TAKE ADVANTAGE OF IT!

THE MARKETS SHOULD TRADE IN PENNIES AND YOUR JOB, AS A TRADER, IS TO FIND A WAY TO MAKE MONEY AS THE MARKETS ARE. IF YOU CAN'T SCALP NO MORE, TOO BAD! FIND ANOTHER WAY OF TRADING!!!!!

THINK OUTSIDE OF YOUR OWN LITTLE WORLD! SEE THE BIG PICTURE! TRADERS FIT TO THE MARKET, THE MARKET SHOULD NOT BE FIT TO THEM. AND NO, I DON'T CARE IF YOUR CAR PAYMENT DEPENDS ON YOU CAPTURING SPREADS...IT DOESN'T MATTER.

ROCK

P.S. DON'T BOTHER FLAMING ME! :p
 
fuc* scalping. You are SO STUPID!

Who cares about scalping. I'm talking about changing to nickels, so the sizes of the bid and offers will be MUCH BIGGER.

Increasing the size of the bids and offers, and isn't that what the "liquidity quote" is suppose to be?

The NYSE wants a "liquidity quote", so here's the EASY ANSWER. Change the stupid system to nickels, and the sizes of the bids and offers increases, and THERE'S YOUR LIQUIDITY QUOTE!

And this will restore confidence in the NYSE and the markets.

Period.

How stupid can the NYSE be?
 
Why not just go a dollar wide. Everyday OTC stocks like MSFT, CSCO, INTC are a penny or two wide for size and trading 50-100 million a day. Puts the NYSE to shame. As it is NY is effectively still trading in fractions and the volume shows it. How often is the specialist not a nickel wide.

I don't agree that nickels work in options either. A nickel on an option with a delta of .20 is like a half buck in the underlying. If options went to pennies volume would explode.
 
if options went to pennies, volume would explode??

how dumb!!!!

Have you trade an option? you see the spreads on them?

apparently not.
 
BASH BASH BASH FLAME FLAME and more FLAME>>>>>>>>


Anybody EVER constructive on the board?
All you do is bash one another.
Look at charts or study volatility.
I am so F ing sick of you wash women on here.
If you can not add value to the board, why post?
I am sure many other semi intelligent posters will agree this crap
has to stop.

ebo
 
Quote from ROCK SOLID:

WHAT IS WRONG WITH YOU PEOPLE? THINK ABOUT IT!

THEY DON'T SET UP THE MARKETS WITH BIG SPREADS JUST SO YOU GUYS CAN TAKE ADVANTAGE OF IT!

THE MARKETS SHOULD TRADE IN PENNIES AND YOUR JOB, AS A TRADER, IS TO FIND A WAY TO MAKE MONEY AS THE MARKETS ARE. IF YOU CAN'T SCALP NO MORE, TOO BAD! FIND ANOTHER WAY OF TRADING!!!!!

THINK OUTSIDE OF YOUR OWN LITTLE WORLD! SEE THE BIG PICTURE! TRADERS FIT TO THE MARKET, THE MARKET SHOULD NOT BE FIT TO THEM. AND NO, I DON'T CARE IF YOUR CAR PAYMENT DEPENDS ON YOU CAPTURING SPREADS...IT DOESN'T MATTER.

ROCK

P.S. DON'T BOTHER FLAMING ME! :p
More...

now that's the funniest statement I've read in a long while

of course they set up the markets just so I can profit from them, why else was my invitation gilded?
 
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