No more shaving on Island

Discussion in 'Order Execution' started by TorontoTrader2, Mar 8, 2004.

  1. Island has eliminated shaving on stocks over $1 (as of Feb 27th) .

    see www.island.com

    Apparently can only shave on some stocks on Brut.

    This will kill daytrading, or at least the daytrader advantage.

    Market makers complained too much.
     
  2. VOLUME

    VOLUME

    "This will kill daytrading"


    If that is your big advantage, then you aren't a trader.
     
  3. "This will kill daytrading"


    If that is your big advantage, then you aren't a trader.


    --------------------------

    I guess you have not heard of Swifttrade ;-)
    This is their only strategy
     
  4. VOLUME

    VOLUME

    SwiftTrade? Never heard of them.

    Are they one of those rebate shops that train guys how to churn all day for.0005 per share?
     


  5. On Feb. 26 the SEC proposed a complete prohibition on sub-penny trading in stocks under $1. It's up for comment until May 24. http://www.sec.gov/rules/proposed.shtml

    - Rob
     
  6. ertrader1

    ertrader1 Guest

    "EGM clients now have access to ProKeys™ institutional programmable keyboards. ProKeys is a custom-built keyboard configured specifically for each user after an extensive design consultation. Its architecture is aimed at accelerating order entry and minimizing input errors. Customizations include function programming, macro definition, keycap colorization, keycap sizing, and ergonomically designed key placement. "

    interesting stuff you guys are developing.
     

  7. Thanks. Hope the kids don't see that subject line. :eek:
     
  8. I suppose we're all going to have to trade now.:eek:
     
  9. I see Gillette is trading off 0.33 on the news
     
    #10     Mar 8, 2004