Nyse Changes.......how Will They Affect Us?

I think specialist participation will become acutely adverse, and even more hostile as a result of this, but we'll see.


grimer11
 
Quote from grimer11:

You' re a fan of the status quo?........I am, just because I feel I know the current game much better........wondering as to these changes future impact on volatility, and more importantly the relative "smoothness" of the NYSE aas opposed to the moronic, computer-dominated 80 cent wide in 100 shares NASDAQ.....As i said, I've never seen a rule change in our favor, but our job is to adapt , adapt, and adapt some more.


grimer11
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I mean whatever, it's not gonna affect me much but I can just see what the idiot mook NYSE traders are gonna do. At least before, they were required to wait 30 secs now they are gonna be NXing left and right every 5 secs.
There are the same idiots that probably think this new rule change is a great idea, but who cares, all they do is churn anyway.
I can maybe see a few advantages in some situations for myself. But when looking at the whole picture, this is not good. I don't know who actually benefits from this, I definitely do not see the specialists liking this one bit. It's just a PR move I guess.
 
Quote from grimer11:

I think specialist participation will become acutely adverse, and even more hostile as a result of this, but we'll see.


grimer11
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Maybe. Or maybe they will let the idiots NX and churn themselves to death and just stand aside. They pretty much do that now anyway.
 
Thats the thing with this "improvement" somebody can just whack 10,000 shares. How am i supposed to discern where the crowd guy is buying or selling stock if any guy with a mouse can click away at 5, 10, or 20k a pop? I am guessing the specialist will not leave that much hang out and will probably have the button off more often. Which will work against the standard scalper.
 
Well I really doubt there are gonna be many of these NYSE mook scalpers whacking away 10k shares. The specialist will destroy those and make sure they never come back again. It's still happens anyway when the specialist matches market orders vs the offer and fills them in one shot.
 
Quote from grimer11:

I doubt there is going to be any, and I do mean any, advertised sized herewith.

grimer11
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Now that may actually be a good thing. :D
 
I'm sitting here just wondering if these new rules would really change anything? As far as I know the specialist would still have the ability to turn on/off the NX function, no? I assume the specialist will also be able to still spread the stock up/down just like now (ie price improvment)?

So really these changes may not make much of a difference in the longrun. I guess it all really depends if all these institutions really embrace this new electronic marketplace that they all seem to want...

-Guru
 
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