This link explains internalization and payment for order flow. And gives estimations at the money being syphoned off of the public quote....
The argument is that a retail trader (who often do use market orders) would have to pay a 37 spread if they did in fact use a market order. The...
That was a consolidated quote. Wasn't NYSE quote. That was all the liquidity present.
Two years after the Flash Crash - Spreads are Narrower and Liquidity deeper than ever before? Think again....
Powerpoint on HFT tractor beam. Discusses rebate trading and how HFT rebate traders lean on orders....
Coke (KO) spiked 90 cents in the last few minutes of the trading day today. An unbelievable move for KO on no news. What happened? Answer:...
This link explains internalization and payment for order flow. http://premarketinfo.blogspot.com/2012/02/where-does-your-retail-order-go.html
Understanding internalization and payment for order flow. http://premarketinfo.blogspot.com/2012/02/where-does-your-retail-order-go.html
Dividend, Your orders can be logged in a number of ways. Predatory HFT programs will track your order as soon as it is sent to the exchange....
http://www.premarketinfo.com
Financial Transaction Tax Punishes Main Street more than Wall Street...
Blog arguing against transaction tax. http://premarketinfo.blogspot.com/2011/11/lawmakers-to-propose-transaction-tax.html
I'm writing an article on prop trading for a magazine. One section focuses on rebate trading. I'd like to interview a prop firm that specializes...
Okay, we're not talking about HFT being the problem here. We're talking about internalization being the problem. You can pony up all you want,...
http://www.defendtrading.com/cfm.v21.n5.15.pdf
CBSX Get Paid to Take Model - A Glimpse into the Future http://www.defendtrading.com/blog.html?entry=cbsx-get-paid-to-take
It all has to do with order flow.....most uninformed orders get internalized now...making it very difficult to get filled on the bid and the offer...
This is a bug in IB system....I have seen this for years, and have filed multiple complaints. I haven't seen it lately though. Basically u...
From Bright Trading, detailed description on how internalization impairs public price discovery, and discourages displayed liquidity....
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