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Nextrade ?
- Thread starter EQTRADER
- Start date
I know a few people that traded their system and they had nothing good to say about it.
Shitty, expensive ECN.
I have met a few traders from a local office. They trade nasdaq and tend to scalp low-priced stocks. If they are not net positive, they can still get paid on volume (somehow). So a lot of them are scalping 10,000 shares of $1 stocks. The guys I met said that they did not even use charts?
Judging from the number of people I've met who seem to want to leave, I would say to be skeptical. Just my two cents.
Judging from the number of people I've met who seem to want to leave, I would say to be skeptical. Just my two cents.
You have to use their software, bid/offer on their ecn only. Previously it didn't have SOES, ISLD,INCA,ECN connections.
I also learned that they are failing to pay the rebate to traders, since the major desks refuse to pay them (because of the way the decided to enter the game).
I also learned that they are failing to pay the rebate to traders, since the major desks refuse to pay them (because of the way the decided to enter the game).
Doesnt surprise me the desks are refusing to pay them....if they are rebate trading it shows. NTRD often holds levels like ATTN necause no one wants to pay the retail by hitting them I have seen so many powerful moves stopped or weakened by one of these expensive ECNs sitting there at the even bid or offer holding the price level. NASD should step in and regulate better the price ECNs can charge in order to provide a more liquid market. ECNs like ATTN are terribly slow and expensive, and distort the market, while TRAC is very expensive, and you can sometimes pay this when you hit SOES....its bullshit. Ahhhh, SUperMontage....