NYSE Open Book questions

Discussion in 'Order Execution' started by kunde53, Jul 19, 2005.

  1. lol
    its called sarcasm, we all know your the QUEEN of simulators and papertrading, while posing as somthing completely different
     
    #21     Jul 22, 2005
  2. nitro

    nitro

    Is that what that was? Hmmmmm, that would only be deemed sarcarsm in kindergarten by my standards.

    Like I said, stop soliciting for free programming advice and learn the difference between using a simmulator and paper trading. There is a big difference and remember, ignorance is not bliss, inspite of what your high school girlfriends may tell you.

    nitro
     
    #22     Jul 22, 2005
  3. Sammy, you know more than you let on to....good to see you using that front running against size method...that game is so well known that the specialists:

    1) delay updating the book on a consistent basis

    2) don't always reflect what's happening in the crowd and sometimes after the crowd has disapated, then the book is updated

    3) turn off the NYMX ((automated trading for that stock) so that your orders have to be manually filled by the specialist)

    4) post huge size (perhaps representing the actual specialist reloading his core positions) in the stock

    5) simply post and keep it current at random intervals so that the timeliness factor doesn't have the consistency that one thought it would.

    At an additional $50 monthly in addition to all the other fees that one pays, its possibly not worth it unless you do the vast majority of your trades on NYSE. Frequently you can spot size and consistency offbook than on book. BRUT, ARCA and 1 or 2 other ECN's handle more NYSE trades now-a-days because of these games and lack of consistency with the NYOB feature.
     
    #23     Jul 22, 2005
  4. Nordic and Nitro....

    that's a good link into the NYSE site, never found that link before....

    good to know its there...
     
    #24     Jul 22, 2005
  5. Nordic

    Nordic

    Actually it is because I trade for a living and that I have written to all these APIs that I know that you don't know what you are talking about.

    This is too stupid to even comment API boy

    Sounds like you have a shitty low cost quote service

    See Ya
     
    #25     Jul 22, 2005
  6. nitro

    nitro

    I have direct lines to the exchanges and ECNs. Try again.

    nitro
     
    #26     Jul 22, 2005
  7. nitro

    nitro

    Problem is, getting indications and imbalances is a nitemare. Real-Tick recently implemented it, but it sucks imo.

    The pro firms like Bright and Echo get them from a quote service that they pay extra for (or they may have a packaged deal now, I don't know,) but most (99% ?) of retail brokerages do not offer them.

    This is a decent paper to read on some of it:

    http://www.amex.com/equities/nasdaqUTP/amex03-55.pdf

    nitro
     
    #27     Jul 22, 2005
  8. Nordic

    Nordic

    No, what you have is an internet connection to some BD or software vendors API. Sounds like it's not that good of one if they can't get you OI quotes
     
    #28     Jul 22, 2005
  9. Nordic

    Nordic

    Sounds like your API is a nitemare. Who do you use?
     
    #29     Jul 22, 2005
  10. nitro

    nitro

    No,

    My servers are colocated. I assure you, I have access to DIRECT lines to the exchanges. I sit on a very thin layer around the stream so that I don't have to be responsible for writing code that accesses each exchange...

    I don't really want to go further into this discussion because I don't have anything more to offer other than what I have posted already.

    nitro
     
    #30     Jul 22, 2005