Endangered Specialist system

Discussion in 'Trading' started by gam1111, Nov 16, 2007.

  1. gam1111


    What do you think about specialists on NYSE closing their operations? Van Der Moolen, Susquehanna etc.

    How has it been affecting profitabiltiy of trading of NYSE stocks?

    I know tape reading Worldco style is a dead art.
  2. gam1111


    CNBC said earlier Bear Wagner Specialists may close their operations on the NYSE. Third firm this week!
  3. I think it's great.

    All electronic is the way to go. No reason to have a "specialist" clogging the market.

    Decades of front running, stop running, and outright thievery will be the Specialists legacy.