amazed at migration fron naz to nyse for traders

hydro fills a much tougher on nyse no doubt but the naz wilkl take your breath away it moves so fast. like i traded hpq and tgt today and they moved in nice slow lines. the naz jsut giggles you so much its tougher to stay the course

 

What's wrong with "jiggle"?

 

At the same time, you will never see the momentum of naz on NYSE thanks to the maggot specialists. TGT and HPQ and pretty thick, high involvement by the auto progs which keep it in line. I've been trading some Naz, it ain't easy at all but I prefer the problems of Naz vs the factor of being the specialist's b*tch, you know. The risk/reward of NYSE has been getting worse with time, it reach my threshold recently.

 

you get a lot more: 25%+ moves, in a single day, on the Naz.

 

Bear Stearns estimated in their 2004 Financial Technology Survey that in in 03 semi-professional traders were approximately 40% of the daily volume in both the nasdaq and the nyse.

So I doubt its 90% NYSE. I've traded from offices that were 90% NYSE so I can belive that specific offices are...but across the full spectrum, there's no way its that high. 60/40 maybe IMO.

The real migration the last year or two isn't from one exchange to another its from manual trading or discretionary trading to automated and systematic trading. The systems for the most part don't care much whether exchange they transact through.

Market Fragmentation still makes the nasdaq a bit tricker but the faster fills offset it IMO.

As far as the games go? What specifically are you talking about.

 

yes....who wants to wait around for fills from the NYSE when your trades last only a few minutes. This one aspect alone helped me make my decision to exclusively trade NASDAQ stocks in scalping and pairs trading (where I want to know if/when I have both legs on right away).

In arbitrage, however, companies are both listed and otc and then I just have to deal with the necessary evil of trading the NYSE names.

 

what percent of daytraders at prop firms
trade the ETF's most of the time?

QQQQ
SPY
IWM
DIA

( perhaps some others too )

 

LOL

Heheheheh

nitro

 

Dunno, but wasn't this a sign of a bear market in the olden days? Quality still going but junk not.

 

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True;
plenty of opportunity however for Nasdaqqq on longer time frames.

And just watched the gov of Wisconsin whine about big oil;
it got fun however when CNBC just pointed out thier many millions/ billions of NYSE oil co pension holdings