No more .001 scum orders

Quote from heavy:

I've never seen a "rebate" trader consistently profit. If any exist, they are definitely the exception to the norm.
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Please dont use the word rebate and trader in the same sentence. These guys are the farthest things from real traders. I have known a few guys who went that route. Were failed "real" traders. They lasted a few months in that moronic game.
 
Quote from zdreg:

do you you think that you are a member of the specialist club and that because of narrow spreads you cannot feed your childern.

you must have be one of those who could not handle the change to .01 increments
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Question for you. Do you think that the change to .01 increments was a good thing for markets/traders?
 
NASDAQ will implement Reg NMS sub-penny changes to the NASDAQ Market Center, Brut and INET on January 31, 2006. see link below:

http://www.nasdaqtrader.com/trader/news/2006/headtraderalerts/hta2006-001.pdf

However, due to readiness issues at the New York Stock Exchange and the American Stock Exchange, the NASDAQ Market Center will continue to quote in penny increments in NYSE- and Amex-listed stocks trading below $1 until further notice. The NASDAQ Market Center will round any sub-penny orders/quotes received in these stocks. see link below:

http://www.nasdaqtrader.com/Trader/News/2006/headtraderalerts/hta2006-009.pdf
 
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