odd lots do participate on the open at nyse unless the total of all orders is an odd lot, then they cancel back all moo odd lots and the stock...
If they didn't halt all trading at all exchanges I don't think they could have resumed trading at all the other exchanges that day some were...
There are a few problems with the whole way the CTA/UTP/SIP/NMS systems are set up. It's not entirely the player's fault, the game is broken....
Yes, some strategies do work if you are 2nd in line but that wasn't really what I was trying to say. What I was trying to imply was that at BEST...
It wasn't just the big $$$ clients who saw the data first, it was any client who subscribed to their proprietary datafeed (aka BBO and Openbook...
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