Is NYSE Price Improvement fair ?

Quote from AAAintheBeltway:

I know this will be unpopular, and I admit I often try to get price inmprovement, but I've never considered it fair. If both sides are willing to deal at one price, why should the spec be able to favor one over the other just because he has a different agenda? I don't claim to understand all the wrinkles in it, but the Nasdaq/ecn model seems fairer to me.
More...

When I trade listed stocks, I often put limit orders in and let them sit there for minutes or even hours. I never do that with four letter stocks. If my order is not executed within a few seconds, I usually cancel it.
 
I think you have "Price improvement" confused with the new scam the NYSE calls the "Liquidity quote". Now that the openbook is public they need something else to help them rob people. It's only available on 28 stocks and I seriously doubt the rest we be available anytime soon. Unfair, yes, can you do anything about it, probably not if you want to trade NYSE listed. The NASDAQ is a crapsh@@t, wish you all the luck there. Stay in thick stocks and use ecn's
 
You must log in or register to reply here.
Back
Top