A Poster mentioned in passing the other day that things would be different if the DOM was 10 deep. "There is a reason the retail trader only sees 5 levels deep on market depth, what if you could see 10. Ahh, then you might catch on to the game that is being played." Since I am not a confirmed DOM player, I would be interested to read the comments of those Traders who are.
I could not agree with you more. The game would be a lot more transparent which would immensely help retail traders.
fearless, you have to understand some of us are obligated to keeping our mouths shut from the legal department of previous employers.
Yup. And in my experience DOM volume is overrated, 5 levels, 10 levels, doesn't much matter. While there certainly is value to DOM volumes, the ability of the etrader to cancel/modify in realtime, coupled with specialized order types available by some firms significantly skews the usefulness... likened to what anonymous and refreshing capabilities provided by ECNs has done for stock instruments. JMHO, Osorico
Well I am with you Osorico. No matter what traders do, they have to pass through the T&S gate in order to enter the arena and I prefer to watch the action here. (obviously with a filter)