Hey Scalpers, how do you enjoy trading against machines w/1 millisecond turnaround?

Quote from stock777:

Now you see, Nitro was able to respond without all the vitriol and defensiveness.

It's clear who the real traders are.
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yes it is.. and it's clear you are not, add to that you are a complete coward that cant admit you were only out to rile others because you are having a losing streak
 
as i suspected bitch 777 is useless on this topic, comon someone who posts here must swing a decent line, what am i missing when i cant hit a quote three levels back for 3k shares on island?
 
Someone here must swing, or has swung a decent line, yet no one cn answer my question......



here is an example, i go to send an arca market to hit 6k shares, the offer is 0.38(700 shares island), 0.39(1800 shares arca),
0.4(3500 shares ADFN), somehow i hit 700 arca and miss the rest, point is it will hit level 1 and miss everything else, obviously i dont consider myself a high roller just that i take on more shares than 90% of this board, wether that is good or bad should be another debate, but what can i do to hit all this without them dodging once i hit the L1 quote?


This is the one of the many things i hate about comps!!!

They generate a totally false L2 which they have no intention of ever taking on.

There is no nasdaq floor so how am i being consistently gamed?


NITRO?
 
Quote from PORNSTAR69371:


here is an example, i go to send an arca market to hit 6k shares, the offer is 0.38(700 shares island), 0.39(1800 shares arca),
0.4(3500 shares ADFN), somehow i hit 700 arca and miss the rest, point is it will hit level 1 and miss everything else, obviously i dont consider myself a high roller just that i take on more shares than 90% of this board, wether that is good or bad should be another debate, but what can i do to hit all this without them dodging once i hit the L1 quote?
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it might not even be a speed issue. what are the rules with arca. do they have to match island's 700 and then can pull the rest immediatley?
 
Quote from youngtrader:

you can not program a computer to decide how good the wheat crop is or what the energy inventories are going to be or weekly export sales. Human emotion is also very hard to program.
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my firm does program all those examples. human emotion is probably the easiest. the rest are more or less extrapolated simulations.
 
Quote from rosy2:

it might not even be a speed issue. what are the rules with arca. do they have to match island's 700 and then can pull the rest immediatley?
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These are instant pulls, often im using a smart buy or else an arca routed i just wanted something people can relate too, with NMS whatever i send arca that has to be filled is supposed to route the level, my route does not stall at the level cause it can not fill it.


It flat out misses and goes to the next one. This is not an issue of arca missing as it will hit level 1, it only misses if it is 2-3 levels back, i am amazed traders have not seen this and are not bitching, atleast before if i saw liquidity i just crossed an island through L1 and hit everything, someone may have arbed a couple hundred shares but i used to get my fill, now 2-3 levels back somehow just cancels and misses almost every time, especially when the market maker is trying to create a fake book to move the stock his way.
 
Quote from stock777:



Glad I was able to bring the subject up, out of the darkness.
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Yeah it's nice when real traders rescue the thread from your sad assed trolling
 
Quote from PORNSTAR69371:

Someone here must swing, or has swung a decent line, yet no one cn answer my question......



here is an example, i go to send an arca market to hit 6k shares, the offer is 0.38(700 shares island), 0.39(1800 shares arca),
0.4(3500 shares ADFN), somehow i hit 700 arca and miss the rest, point is it will hit level 1 and miss everything else, obviously i dont consider myself a high roller just that i take on more shares than 90% of this board, wether that is good or bad should be another debate, but what can i do to hit all this without them dodging once i hit the L1 quote?


This is the one of the many things i hate about comps!!!

They generate a totally false L2 which they have no intention of ever taking on.

There is no nasdaq floor so how am i being consistently gamed?


NITRO?
More...

Porn,

Some of the problem is a speed issue, but the real problem is that the NSDQ order matching system is extremely inefficient.

Even in super liquid stocks (DELL, INTC, etc.) I noticed that whenever I would swipe a out of a block (say 25k shares), even if there were multiple bids totaling 100k shares, I would often just get a partial fill and the order would reroute down to the next penny for the rest.

After months of me complaining to our tech staff they finally got to the bottom of the problem. It wasn't our platform or a speed routing issue, it's that the NSDQ system is set up in such a way that the bids/offers on the book are able to be pulled before their own internal system can hit them.

Here's an example...

NSDQ aggregated quote is showing 30,000 shares on the bid.

Those 30,000 shares are 5 different orders in this sequence..

100
1000
800
25000
3100

Assume all those orders were box programs with top tier speed...

If you sent an order for 30,000 shares, you would immediately get the 100 on top and probably the next 1000, but the 800, 25000, and 3100 would all be able to pull before the shitty NSDQ system can hit them (and forget about routing through ARCA or another ECN....that would be even slower).

How in the world this is allowed to happen is beyond comprehension.

Hope this helped. PM me if you have any other questions.
 
Quote from PORNSTAR69371:

These are instant pulls, often im using a smart buy or else an arca routed i just wanted something people can relate too, with NMS whatever i send arca that has to be filled is supposed to route the level, my route does not stall at the level cause it can not fill it.


It flat out misses and goes to the next one. This is not an issue of arca missing as it will hit level 1, it only misses if it is 2-3 levels back, i am amazed traders have not seen this and are not bitching, atleast before if i saw liquidity i just crossed an island through L1 and hit everything, someone may have arbed a couple hundred shares but i used to get my fill, now 2-3 levels back somehow just cancels and misses almost every time, especially when the market maker is trying to create a fake book to move the stock his way.
More...

I don't know about NASDAQ but on NYSE, the ECNs often do this. Anything below L1 is usually fake and reacts as soon as the bid is hit. Not every time but I have seen this occur. Now if you watch SPY trade, it's hilarious cause almost everything you see in market depth is an illussion. The dark pools are getting all the volume, everything else is just smoke and mirrors.

To requote an ET poster from a while back. "Liquidity on Nasdaq is an illusion". At times, it's the same with NYSE.
 
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