Hamlet, It seems you are unable to offer any rational argument against my criticisms of NYSE criminality. You are unable to attack the logic of my arguments, and so, you instead resort to attacking and insulting me as a person.
It's just not worth my time. My quip says it all and it's good advice; the non-charlatans here would agree.
OK, let me see if I understand you, Hamlet. The people who participate in this discussion, by making rational arguments supported by factual evidence, are charlatans wasting their time. The people like you, who post primitive personal insults, without rational argument or supporting evidence, are the "non-charlatans". Is that what you are trying to say? I think that the fundamental purpose of this website is to create a forum for discussions about trading, supported by rational arguments and evidence, because this helps people become better traders. Maybe you should contact this website's owner, Baron, and explain to him that he has it all wrong, and that he should just shut down the whole website, because you believe it is just a bunch of charlatans wasting time.
Here are some more great links... and my suggested call to action beneath each: NEW YORK (CNN) -- Three doctors from the Westchester suburbs of New York City allegedly provided mob figures with erectile dysfunction drugs in exchange for various favors, the FBI said Thursday. http://edition.cnn.com/2005/LAW/05/05/mob.doctors.arrests/ Two Arizona doctors arrested for allegedly creating and selling fake Botox http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2005/02/02/national1713EST0714.DTL 2 doctors arrested for botched heart operation that killed girl, 12 http://www.zone81.com/arch_news/1025425770159 Oh my Goodness! All the doctors are unethical and we must get rid of all of them now! Omaha attorney Thomas Gleason was arrested Wednesday morning. Gleason is accused of stealing money from his clients. http://www.wowt.com/news/headlines/2240802.html Lawyer Arrested for Kidnapping Client on Wedding Day http://talkleft.com/new_archives/013698.html Denver Criminal Defense Lawyer Arrested By The DEA For Drug Distribution http://www.criminaldefenselawyer.co.../Denver-Criminal-Defense-Lawyer-Arrested.html Say it isn't so! All the attorneys are breaking the law! We must do away with all the lawyer scum now!! The priest of a Northern Michigan parish will be in court Tuesday after being caught in an illegal sex act. http://www.tv7-4.com/global/story.asp?s=1294036&ClientType=Printable Priest arrested over nun's rape claim http://www.telegraph.co.uk/news/mai...24.xml&sSheet=/news/2006/01/24/ixnewstop.html Former Priest Arrested At LAX For Alleged Child Molestation http://www.nbc4.tv/news/6256509/detail.html Oh my Lord! All of these priests are mortal sinners! I say we defrock them all immediately. Who needs them? Policeman Arrested On Brooklyn Heroin Charges http://query.nytimes.com/gst/fullpage.html?res=9A0DE7DD173AF937A15754C0A960948260 Another policeman arrested for raping minor http://www.newkerala.com/news.php?action=fullnews&id=37781 Policeman arrested in connection with journalist's murder http://www.ifex.org/en/content/view/full/16464/ Hmmmmm.... just as I suspected all along - Mick Jagger was right!!! Every cop is a criminal!!! Lets do away with them all, we don't need them!! US soldier arrested after attackhttp://www.smh.com.au/articles/2003/03/23/1048354477053.html Soldier Arrested For Sexual Assault http://www.lawcore.com/legal-information/01-25-06.html Soldier arrested in murder case http://www.kstatecollegian.com/article.php?a=3362 Hey.... it looks like our military are no angels either. We had better do away with them too while we're cleaning up the world.
I've been trading globex very successfully for 3 years with IB. I recently began trading Amex equities and for the first time experienced non-firm quotes from both the Amex and NYSE, which suspiciously became firm always at worse prices within seconds of my order being received on relatively thin symbols. My initial reaction coming from trading for years on an almost perfectly level field (in terms of matching) was something along the lines of 'what the f, these are FAKE quotes. i'm tipping my hand, and then being price gouged'. If the quotes aren't "firm" as the existing system wants to characterize them, why do they always become firm at a worse price immediately after I try to hit them? I think that fact speaks for itself. The full minute during which the Amex and NYSE can choose to sit on a marketable order is an inherently huge and unethical advantage for the market maker and his 'affiliates'. I don't see how anyone can deny that. If you want to say, 'well, they're making an orderly mkt for the institutional volume', I would say fine, at who's expense? I'm not exclusively a price taker or a price maker, I make what mkts I can getting in and out of a position, on glob as well as equity. I just fail to understand why anyone deserves to quote non-firm prices. we should all be bound to our actions (making and taking) as traders or it's not a fair market. as the system currently functions, I'm not being granted level access to the existing liquidity. it's a regressive tax on retail. every participant should submit to a firm matching system and that goes for everyone in the ecosystem whether you profit, lose, gamble, invest, deal, etc ps - hamlet is a douchebag
fwiw initially i thought the Amex was bad, but the few interactions I've had with NYSE have been as bad or worse. It felt like I fell into a rhythm with the Amex specialist after 2 weeks. Maybe that was 'getting to know you', and the NYSE does less sitting after he realizes you'll be doing business every day. ..regarless, the NYSE sat on me for very long periods of time, filled some cancels after several secs, etc. widespread probs btw - thanks for your reply Jim. i was confused by part of the Wash Post article: "The specialists also were accused of using a trick in which they bought a customer "sell" order and then sold at a higher price into an opposite "buy" order from another customer, pocketing the difference. Such moves helped the traders lock in guaranteed profit at the expense of their customers." are they referring to filling a mktable limit outside the current best mkt?
Ooops... looks like I touched a nerve of the classless class with the IB remark. It's more fun being an elitist than a populist anyway (especially being we're on a site called elite trader). I doubt mr. consumer will be popular for very long either if he really expects all traders to submit to giving up their ability to cancel their open orders. As I advised someone else, it would serve himself well to quit whining on a message board and spend the time improving his own abilities. ps. Avid's mommy has a mustache LOL