NYSE executions

ScreenLocal · Jul 26, 2006

Quote from bdon:

a sho stock does not require an uptick to short. you can obtain the list of such stocks on the nyse's website.

you can always cancel an order, but if the specialist has already paired it, he/she most likely will fill all or part of the order. Its basically up to the spec to honor the cancel.

bdon,

thanks a lot for taking time to explain this to me. I really appreciate it.

-SL

ScreenLocal · Jul 26, 2006

Quote from qazmax:

For a NYSE listed stock that trades 15 Million + you can just send a market order to the specialist or call it to a floor broker and you will not experience much, if any slippage.

NOTE: In extreme market moving days you may want be extra cautious. (Sounded so lawyer-ish...)

Get a feel for the average size of a trade (watch time and sales) and the average size of the displayed market.

If you are new to a stock simply send an amount you are confident with and then increase the order size to test the specialist until you get to your ideal order size or slippage begins to occur.

Even on the very thin stocks you may be better off taking the slippage on a large order than slowly trickling the order in. If the specialist is the only volume they will see you coming and it could hurt worse trying to go slow.

I forgot the original question.... now I am just rambling...
happy trading...

Qazmax,

Thanks for you post. It makes a lot of things clear.

Appreciate it.

-SL

Huskydog · Jul 26, 2006

Quote from ScreenLocal:

What exactly do you mean with a non sho stock and a sho stock?

-SL

http://www.nyse.com/RegulationFrame...www.nyse.com/regshopilot/nysepla20060726.html

Hope this helps.

ScreenLocal · Jul 27, 2006

Quote from Huskydog:

http://www.nyse.com/RegulationFrame...www.nyse.com/regshopilot/nysepla20060726.html

Hope this helps.

Thanks Huskydog.

-SL

Bitstream · Jul 27, 2006

since liquid nyse stocks are usually slow movin' and continue to gyrate around the same prices for pretty long before continuin' in their direction, u can add 2-3k lot every few ticks usin' lmt orders therefore avoidin' the spec and the problem is gone.

ScreenLocal · Jul 27, 2006

Quote from Bitstream:

since liquid nyse stocks are usually slow movin' and continue to gyrate around the same prices for pretty long before continuin' in their direction, u can add 2-3k lot every few ticks usin' lmt orders therefore avoidin' the spec and the problem is gone.

I trade the heavy volume gappers. So there's some more volatility there.

-SL

Bitstream · Jul 28, 2006

Quote from ScreenLocal:

I trade the heavy volume gappers. So there's some more volatility there.

-SL

that's what i trade every day...especially those down 15-30% and after price settles a hour after the bell volatility is pretty contained...i mean look at those thin consecutive red bars...there price keeps gyratin' for what seems like an eternity before stock keeps tumblin'.

zdreg · Jul 28, 2006

Quote from ScreenLocal:

I'm used to NASDAQ trading and filling this size in NASDAQ stocks.
I'm starting to look at NYSE stocks too, so I have more trending stocks to trade. But I don't really know how the specialist system works.

I'm used to taking $ 1,000,000++ naked shorts. So don't worry about that. I just need more information on order execution on the NYSE.

-SL

what is meant by naked shorts as used in the above sentence?

ScreenLocal · Jul 28, 2006

Quote from zdreg:

what is meant by naked shorts as used in the above sentence?

A short that's not hedged with options for example.
Just an outright position.

-SL

ScreenLocal · Jul 28, 2006

Quote from Bitstream:

that's what i trade every day...especially those down 15-30% and after price settles a hour after the bell volatility is pretty contained...i mean look at those thin consecutive red bars...there price keeps gyratin' for what seems like an eternity before stock keeps tumblin'.

UPS for example. A couple days ago. That was pretty volatile. Or GYI or GM etc.. Those are the ones I'd trade.

-SL