Open Book/ NYSE Hybrid

How has the new NYSE System affected the Open Book.

Some traders now say the NYSE Open Book is not worth looking at.

What is the story?

 

Its worth looking at because once the order is posted on the book, an insitution can put a limit order to sweep the book, and that order that sit on the book CAN be taken. (they can NX up to 1 mil shares).

 

so you think there will be less manipulation?

 

Watch Naz Level II, then decide for yourself.