Nasdaq's Summary of the SEC’s Proposed Changes to the National Market System

[Metamega]

US equity market is not a mess - it's the best and most competitive in the world!!

So we got dozens of exchanges. Each have their own order types/maker taker systems. Throw the latency between the exchanges offering arbitrage opportunities for HFT in the bag. Then to top it off you got dozens of darkpools and firms buying orders.

I think it’d be fantastic to try just having one central exchange with real liquidity being posted. I think that would be fair and transparent. Your have one dataset and one tape to deal with.

That’s one beautiful thing about Futures. Problem there is the monopoly and data/commissions keep going up. But I think it makes for a more transparent efficient market. But who knows until you try I guess.

 

[qlai]

That’s one beautiful thing about Futures. Problem there is the monopoly

Yeah, that’s a big problem! Given a choice, I would choose competitive environment.

 

[murray t turtle]

I’m not going to lie. I’m confused reading the that. Sounds like more complexity which is what has got the stock market into its current mess.

But I’m assuming it NASDAQ opposes it then it’s good for retail?

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I did not read all of it+ some of it is not very clear anyway;
but few besides funds want a 100 shares of AMZN @ >3,000/$300,000................................................................................................

 

[Metamega]

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I did not read all of it+ some of it is not very clear anyway;
but few besides funds want a 100 shares of AMZN @ >3,000/$300,000................................................................................................

You’d think a simpler approach would be mandatory splits? I’m just picturing myself trying to do the math with 50 lots.

“Soooo theirs 5 lots up, at 50 shares per lot, then I start counting fingers. “

 

[murray t turtle]

You’d think a simpler approach would be mandatory splits? I’m just picturing myself trying to do the math with 50 lots.
AMZN
“Soooo theirs 5 lots up, at 50 shares per lot, then I start counting fingers. “

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Your guess is good as mine. Using a big example like AMZN ,some don't want 100 of $3,000+price of AMZN . I have had some in ETFS.

 

[bigmarket]

the nasdaq is bucket shop.

The pinksheets penny stocks or OTC markets are now more of a 'real market' meaning there is no market maker rigging the price. it's a freely traded market.. no market manipulation at all. in some penny stocks.

 

[stochastix]

https://www.tradersmagazine.com/dep...s-ii-an-odd-solution-for-the-odd-lot-problem/