BTw, I don't think the spec will send it to another venue, more like the sumitting broker would cancel the NY order and send it themselves.
Nobody really knows what the role specialists would have under Reg NMS. Even the OMS vendors like REDI and LAVA say that NMS is a moving target...
I would probably get flamed big time for this but efforts would probably be better channeled towards other skills besides reading the specialist...
Thanks Heavy, I just got the word from my manager that only NY Dot gets pulled. I wish GB lets you choose whether to pull ny orders....
I know that Graybox pulls NY DOT orders after almost 5 minutes to avoid the specialist charge and resubmits it again. Would anyone here know...
Hold or even any prop firm for that matter they are there merely to provide the infastructure with which you can make or lose $. Calling them...
Am I the only one that can't program without seeing an API sample put out by the broker? IOW, is is a reasonable expectation to start programming...
Does anyone here know how to get level 1 quotes from Graybox onto Excel? Thanks
I surmise the NY stocks would behave a lot more like Naz stocks since the essence of Reg NMS is that there would be less specialist intervention...
If u are long term bullish, why dont you sell puts serially? THe skew is higher in the puts by at leat 1-3 ticks aver ATM. Kinda like Ansbacher....
For what it is worth , unless u are a hedge fund with big $ no one in the tech help will give u support u want. I've used Hold, IB, Assent, SLK...
Out of the 10000 stocks I have yet to witness a stock that went to infinity. Naked calls might be easier to manage than naked puts. There is...
I don't know much about liffe but sugar 14 is local sugar which is set in a trading band due to laws. Sugar 11 is World sugar freely traded.
Before analyzing domestic sugar plays, bear in mind that the sugar market in the US is distorted since we can't fully and transparently...
Myabe too late for the intemediate trend since sugar went parabolic from 10 to 18 recently. But I agree wth you on long term prospects. However,...
Most brokers agreements are 1 sided in their favor. If you object to those kind of "Cover our asses" contracts, you probably will never sign on to...
We are all assuming that this is a typical prop firm i.e. Traders gets Series 7,signs on as a class B with XYZ trading firm who is a member of...
I am suprised you still have not received your cash. More suprised that you have not informed the clearing firms mgt. about the difficulty you...
I agree with you wholeheartedly alanm about why anyone might want to trade under those circumstances. Even if there was an edge and "sure" money....
Surdo interesting post. I agree partly with what you said about having inventory "somewhre in the firm" but I think it would be at the firm level...
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