NYSE Open Book questions

[Steelhead]

Quote from nitro:

Learn to code, if you are capable, and you too can find out how to write simulators. Laziness won't get you anywhere and neither will begging others to do it for you.

nitro

lol
its called sarcasm, we all know your the QUEEN of simulators and papertrading, while posing as somthing completely different

 

[nitro]

Quote from Steelhead:

lol
its called sarcasm, we all know your the QUEEN of simulators and papertrading, while posing as somthing completely different

Is that what that was? Hmmmmm, that would only be deemed sarcarsm in kindergarten by my standards.

Like I said, stop soliciting for free programming advice and learn the difference between using a simmulator and paper trading. There is a big difference and remember, ignorance is not bliss, inspite of what your high school girlfriends may tell you.

nitro

 

[limitdown]

Quote from SammySOESa:

what he means is, they can always show fake orders, and pull them. they'll place a big block to "show" s/r, then pull it, lower it, or raise it in an effort to reduce or completely eliminate their transparency. but sometimes, it is a legit order. which goes back to playing the odds.

being that it's delayed, and doesn't show the ecn or hidden orders, you have to make your best guesstimate of that's going on. when i see a big order, i'll almost always assume its real, because most likely, other people will assume it's real also, and penny or nickel it.. thereby making it psuedo-s/r not only by the block, but by the ecn orders under it. if they pull it, sweep the ecns with a market buy (including your order), and run it past the spot where their fake block used to be, they got you.. but at least you got your ask price.

it is smoke & mirrors trickery, but with time, you'll learn how to work it favorably.

Sammy, you know more than you let on to....good to see you using that front running against size method...that game is so well known that the specialists:

1) delay updating the book on a consistent basis

2) don't always reflect what's happening in the crowd and sometimes after the crowd has disapated, then the book is updated

3) turn off the NYMX ((automated trading for that stock) so that your orders have to be manually filled by the specialist)

4) post huge size (perhaps representing the actual specialist reloading his core positions) in the stock

5) simply post and keep it current at random intervals so that the timeliness factor doesn't have the consistency that one thought it would.

At an additional $50 monthly in addition to all the other fees that one pays, its possibly not worth it unless you do the vast majority of your trades on NYSE. Frequently you can spot size and consistency offbook than on book. BRUT, ARCA and 1 or 2 other ECN's handle more NYSE trades now-a-days because of these games and lack of consistency with the NYOB feature.

 

[limitdown]

Quote from nitro:

Actually it is because I trade for a living and that I have written to all these APIs that I know that you don't know what you are talking about. In fact I have had an OpenBook implementation from five different brokers and not one had implemented Imbalances and Opening Indications. But keep giving advice, it's a good laugh.

nitro

Nordic and Nitro....

that's a good link into the NYSE site, never found that link before....

good to know its there...

 

[Nordic]

Quote from nitro:

Actually it is because I trade for a living and that I have written to all these APIs that I know that you don't know what you are talking about. In fact I have had an OpenBook implementation from five different brokers and not one had implemented Imbalances and Opening Indications. But keep giving advice, it's a good laugh.

nitro

Actually it is because I trade for a living and that I have written to all these APIs that I know that you don't know what you are talking about.

This is too stupid to even comment API boy

Sounds like you have a shitty low cost quote service

See Ya

 

[nitro]

Quote from Nordic:

Actually it is because I trade for a living and that I have written to all these APIs that I know that you don't know what you are talking about.

This is too stupid to even comment API boy

Sounds like you have a shitty low cost quote service

See Ya

I have direct lines to the exchanges and ECNs. Try again.

nitro

 

[nitro]

Quote from limitdown:

Nordic and Nitro....

that's a good link into the NYSE site, never found that link before....

good to know its there...

Problem is, getting indications and imbalances is a nitemare. Real-Tick recently implemented it, but it sucks imo.

The pro firms like Bright and Echo get them from a quote service that they pay extra for (or they may have a packaged deal now, I don't know,) but most (99% ?) of retail brokerages do not offer them.

This is a decent paper to read on some of it:

http://www.amex.com/equities/nasdaqUTP/amex03-55.pdf

nitro

 

[Nordic]

Quote from nitro:

I have direct lines to the exchanges and ECNs. Try again.

nitro

No, what you have is an internet connection to some BD or software vendors API. Sounds like it's not that good of one if they can't get you OI quotes

 

[Nordic]

Quote from nitro:

Problem is, getting indications and imbalances is a nitemare. Real-Tick recently implemented it, but it sucks imo.

The pro firms like Bright and Echo get them from a quote service that they pay extra for (or they may have a packaged deal now, I don't know,) but most (99% ?) of retail brokerages do not offer them.

This is a decent paper to read on some of it:

http://www.amex.com/equities/nasdaqUTP/amex03-55.pdf

nitro

Sounds like your API is a nitemare. Who do you use?

 

[nitro]

Quote from Nordic:

No, what you have is an internet connection to some BD or software vendors API. Sounds like it's not that good of one if they can't get you OI quotes

No,

My servers are colocated. I assure you, I have access to DIRECT lines to the exchanges. I sit on a very thin layer around the stream so that I don't have to be responsible for writing code that accesses each exchange...

I don't really want to go further into this discussion because I don't have anything more to offer other than what I have posted already.

nitro