NYSE flashing

Discussion in 'Order Execution' started by stock777, Sep 13, 2006.

  1. I notice high speed flashing (fast cancel) Nasdaq style on NYSE lately.

    I didn't think this was possible, since a cancel takes a few seconds. Is this the spec doing this or another trader?
  2. mnx


    I haven't seen it... must be coming from the floor i would think. Has anyone else seen this?

  3. cashonly

    cashonly Bright Trading, LLC

    what stock?
  4. VIA

    not all the time obviously, but if you watch for a while you'll see it
  5. You just noticed this?

    It's been going on forever, flashing large bids or offers, making insane spreads but without a print.

    Old tricks, sometimes the flash is real, sometimes it's not. Supposedely it's not the specialist but order bracket firms, but I think most of the it's the specialist playing games.
  6. Hey hydro, cmon man, give the old man some credit.

    Im talking about the SPEEEEEEED of the flash

  7. It could just be the specialist at your particular post is dealing with a floorbroker and is negotiating. They are human and they can make mistakes and show the fullsize of the order momentarily if there is a misunderstanding.

  8. lol, Im gonna get 10,000 explanations for a question I didnt ask.

    Hope you guys are better at trading than parsing a question.

  9. For those that care, Im talking about continuous flashing not a one time thing. Like 10 in 5 seconds.

    Thats why I called it Nasdaq style which you see all day.

  10. So am I, it happens all the time and has for years. Like I said, it could be bracket firms and their orders are electronic. It can also be the specialist, since a lot of their work is automated. For example, he can flash a big order lighting quick just because the quote is changing that quick, someone has put an order above his flash or changed the other side.
    #10     Sep 13, 2006