Liquidity Trader. Need Help.
- Thread starter New_Trader01
- Start date
I am interested to see if the debut of Supermontage has the effect described by Banker, it wouldn't bother me one bit. In fact I am looking forward to it in the hopes that it may in fact create a whole new world of opportunity.... should be interesting.
I wish I knew what direction things were going to take so that I could capitalize early. I just hope that it doesn't mean that every trade is going to cost $2.5 per 1000 shares and the total disappearence of any liquidity credits. It really pissed me off when the Nasdaq changed their fee structure on SuperSoes. It used to be so nice when you could Soes into a position for $.50, what a gift that was! What are the greedy bastards at NASD doing with all that cash from the fees now anyways?
I wish I knew what direction things were going to take so that I could capitalize early. I just hope that it doesn't mean that every trade is going to cost $2.5 per 1000 shares and the total disappearence of any liquidity credits. It really pissed me off when the Nasdaq changed their fee structure on SuperSoes. It used to be so nice when you could Soes into a position for $.50, what a gift that was! What are the greedy bastards at NASD doing with all that cash from the fees now anyways?
I'd be careful if joining a firm offering liquidity rebates. Make sure they don't offer more than they can afford to pay as a rebate. I've got friends that used to trade on LSPD over at Tradescape who are still owed for past rebates. I'd say 40 guys who are owed on average 30,000 each. Make sure the firm has integrity is all I'm saying.
That was a mjor thread bump! Last post was 12-23-02 04:39 PM
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Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider"
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Please, I'm not a daytrader, I'm an "Intraday Liquidity Provider"
1-888-TRADEUP