Discussion in 'Trading' started by Banjo, Dec 9, 2003.

  1. Banjo


  2. Mecro


    God this is such old news.

    And the $$$ are seriously understated.

    Considering the truth, that article simply sucks.
  3. MR.NBBO


    Yes, the numbers are massively under estimated. Yes it sucks...but the clip is interesting. I have these A$$holes take about $1100-1900 outta my profits everyday and I am just one.

    YOU THINK THEY MAKE THAT LITTLE(agreed)....please, they're just trying not to upset the public anymore than they have. They make probably 5x that.

    They are the last protected & licensed mob to still not be in jail. If Limit Orders could be placed & not be pennied by some idiot on the floor....they would be there.......mine were....I don't even bother now.

    They are liquidity killers.

    I used to get pennied by the specialist 20-25% of the time - before about 8-9months ago....now I think 60-75% ARE pennied. I think the specialist now takes 50-65% of the volume and screws the limit orders in ways you wouldn't believe. As a DIEHARD nyse trader.........even nasdaq executes better. Either be a MM or a spec.....freakin make a choice.