Check out the tale of the tape in the BP flash dash today: http://premarketinfo.com/2012/07/25/bp-flash-dash-analysis/
You are correct, both limit orders and market orders are now toxic, which eliminates scalping, and market making as viable strategies....
Great piece from Nanex today, quantifying costs to limit order traders from internalization - stepping ahead of your order....
Hi londonkid, This is an article I wrote earlier this year. It discusses internalization and retail order flow. I thought you might be...
Did the sawtooth algo trader in KO pull the old switcheroo today? http://premarketinfo.com/2012/07/20/is-the-coke-algo-running-backwards/
Video discussing the sawtooth patterns (time 7:10) http://premarketinfo.com/2012/07/20/hft-friday-premarket-stock-talk/
Two things: 1) Market making always involves some aspect of risk. But when you can always take the back end of an order, you will have a huge...
Man, I wish I could be an OTC market maker and buy order flow. Like shooting ducks in a barrel....
I used to own a Quiznos franchise, worst investment I ever made. Sold for a substantial loss a few years later. And I agree, I love the subs,...
I wrote an article discussing these borrowing costs for CFA magazine, here is the link:...
Mid-day is very difficult if you are trading equities (ie. 11am - 2pm ET). During this time it's typically just bots trading with other bots....
July 9th - Support/Resistance numbers for E-mini: http://premarketinfo.com/2012/07/08/july-9th-e-mini-supportresistance-numbers/
Yep....SOES bandits took it away in 90s...now it's coming full circle, as market makers take the game back.
SEC obviously feels that we haven't hit a tipping point, otherwise they would address the real issue. My overall thoughts: The NYSE RLP program...
Exactly.
My overall thoughts: The NYSE RLP program will probably not have much of an impact in the way of decreasing marketable retail order flow to the...
Details on NYSE dark pool, and how it is bad for liquidity. http://premarketinfo.com/2012/07/05/nyse-joins-the-dark-side/
SEC approves NYSE dark pool. Not good for limit orders. http://premarketinfo.com/2012/07/05/nyse-joins-the-dark-side/
Long run....we may still have problems (as I've indicated in the article), but short-run, everyone is way too bearish. Nothing goes down when the...
Many traders fading this rally this afternoon, here is why I think they are wrong....
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