Ohh yes!!! that´s going to be so great! getting rebates on LU or GE, that´s a credit trader´s wet dream...
Small investors, who trade infrequently, will refuse to pay for ARCA market data. This will tend to reduce ARCA liquidity beneficial to larger investors and to both small and large traders. This will increase the cost of trading on ARCA, so that some liquidity will shift back to NYSE.
I think there´s some info about it on nasdaq trader. However I cant recall the location of the link. Arca isn´t paying liquidity rebates on NYSE stocks rigth now, they still charge wether you add or remove liquidity, with the exception of ETF´s.
Can anyone confirm the earlier post here about having to pay $100 for Inet quotes (once they go single book)? I've can't find any info on this... Please say it ain't so... -Guru
I was under the impression that the combined book would be $14/month, the same as they're now charging for the once free INET bookviewer.. http://www.nasdaqtrader.com/trader/data/bookviewer.stm Raising INET book from $0 to $14, only to raise to $100 for INET+SuperMontage book doesn't make sense.
face it, if we wanna daytrade now we have no choice...very tough to trade extended hours without arca and even durin' the day u see some spreads on quotes and have no idea where price levels may or may not be, what the heck u gonna do, hit/lift what u think could be there? gotta subscribe, fuck it.
Sorry, can someone confirm that we not even going to see the best quote from ARCA without paying (not talking about the whole book here)? It seems that this is the message I'm getting from this thread. THks.