shorting nyse stocks in pre-market

Quote from sprstpd:

I trade through IB and you cannot put in a short sale that is lower than the previous day's closing price into any ECN in pre-market (for listed stocks). The price of that order gets modified to 1 penny above the closing price (or at the closing price - I can't remember).

Where do you trade that allows you to get shorts off without getting a listed uptick in pre-market trading?
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You must mark the order as a straight sell, not a short sale.
 
....i talked directly to regulators about this same exact question once....what i was told was that basically PRE and POST market trades are basically "buyer beware" and that you do not have to worry about shorting on a downtick or marking the order short ect.....it actually makes sense since 1) pre/post market hours ar voluntary to any firm/ecn/market maker 2) the bid and ask are optional.....ever notice that if you hit certain bids/ask with the price they are quoting they may or may not execute them?
 
Quote from TM_Direct:

....i talked directly to regulators about this same exact question once....what i was told was that basically PRE and POST market trades are basically "buyer beware" and that you do not have to worry about shorting on a downtick or marking the order short ect.....it actually makes sense since 1) pre/post market hours ar voluntary to any firm/ecn/market maker 2) the bid and ask are optional.....ever notice that if you hit certain bids/ask with the price they are quoting they may or may not execute them?
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You don't have to worry about the uptick rule for NASDAQ stocks, but for listed stocks you do.

I have never noticed a non-firm bid or ask quote from an open ECN in pre-market. What quotes aren't firm in pre or post-market?
 
Quote from gaj:

i realise that (the nyse isn't open in premarket), but i thought that nyse rules would apply to ecn's.

and i can't find where those rules are...
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realise

are you british? or trading from off-shore?
 
RE: realise...

neither. american born and bred. sometimes do that from previous time corresponding with uk outfits, to save them time of having to 'correct' the american's writing....
 
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