So how come they allow this front run bs?

Subpennying is not allowed for you or I. Institutions can use it for a few reasons. Placing limit orders is not a wise move because algos will subpenny the order. Example I want to buy 3000 aapl at 246.89 with a limit order. A predatory algo can jump this order and buy 3000 at 246.8910. After the algo gets filled if price does not go up immediately guess who gets slammed filled on the 3000 shares.

The way to trade now is to take liquidity but do not route out to dark pools etc. The game keeps changing we must keep adapting as well.

 

Wait - Mary Schapiro IS doing something!!

http://www.theonion.com/articles/new-law-forces-ceos-to-humbly-shrug-before-receivi,17380/

"New Law Forces CEOs To Humbly Shrug Before Receiving Massive Bonuses"

"This sweeping new reform sends a clear message to fat-cat CEOs at firms like Goldman Sachs and AIG," SEC chair Mary Schapiro said Monday. "Never again will they be able to receive massive bonuses unless, at a minimum, they flash a gee-I-don't-think-I-should expression and say something like 'Well, all right, but only if you insist' first."

 

that is worse than it was before I started soes trading.

That is criminal.

 

noticed this years ago.

where ya been.

bring back soes trading.

 

I no longer trade full time. When I do trade day trade its not stocks. I have my favorite market. But it has to set up right.

 

Would it surprise you that all those sub-penny fills ahead of your limit order is the same b/d hitting himself, perhaps indirectly? How else could he goad you into lowering your offer, he needs to make it look like someone else is buying but you're missing out. Tape painting is apparently legal these days as well -- there's just too many examples of it each and every day.

 

Nothing surprises me except the pathetic SEC that does nothing but surf porn all day.

 

This is the most ridiculous thing i have heard for at least a day. The world is fast becoming a sad pathetic place.

 

I hope you realize the onion is a political parody.
Before you feel less intelligent, I'll admit I read it the first time in a restaurant regarding a mayonnaise epidemic and actually bought into it for a few minutes. I was more shocked that they distributed the newsprint masquerading as a legitimate paper to restaurant patrons.
The actual print item appears very legit; but is far from it (like the national enquirer, but worse).

 

I thought it was standard now to check the url of any ridiculous headline to see if it was from the onion.