What really ticks me off is that ECN's seem to be afraid of what is happening with SM. They are afraid of loosing business. But the more I think about it, if I were an ECN, I would participate, gather my data and see how it effects my business. The bottom line is that ECN's could put Nasdaq out of business if they had the balls to do so. Have you noticed that no one has an interest in the ADF? It is not even ready for primetime. It doesn't even have an execution engine or FIX connectivity. This is just what the Nasdaq wants. It wants a puppet facility that is just there so no one cries monopoly. Watch, I bet it will get approved on Aug 16th even in it's current form. I really hope ECN's step up to the plate and take these people head on! Even if breaking away from SM would create market fragmentation, I do believe that this would be a short-term draw down which would once again level the playing field and lower costs and over time, increase the quality of executions. I don't know about you, but I HATE feeling like I am controlled by one organization. That being Nasdaq.
What's this about TESTA and TESTB being fake? My Dad bought these last week after his broker suggested he buy them.
You have got to be kidding right? TESTA, TESTB, TESTC, TESTD, TESTE......TESTV are ALL test stocks that are basically worthless. You must be joking and if so, i'm laughing!!!!
Are you serious about this test stock thing? I got a quote for TESTA here http://quotes.freerealtime.com/rt/frt/M?IM=quotes&symbol=TESTA&type=Quote It was up 6% on Friday to $345. Maybe they'll do a split soon.
Please, quit pulling my leg on TESTA. IT'S NOT REAL. I traded like 20k shares of testa on thursday and made like 400k. It was for testing purposes. If someone gave you that recommendation, they screwed you big time.
just to let you guys know, Henry Blodget is higly recommending TestB - calling it the stock of the future. Growth rates of 120% per quarter, and he is calling for a price target of $1320.45 within the next 6 months. Losses and debts are also growing strongly. Reiterate Strong Buy !!
I am confused as to how the Price/Size priority designation works for Supermontage. The three priority designations are: 1) Price/Time (the default) 2) Price/Time with Fee Consideration 3) Price/Size From what I can tell, if participants designate their orders as having Price/Size priority, and the order is larger than all others at the same price, you jump right to the head of the queue and get executed first. Isn't that inherently unfair? What am I missing here? Wee