Yesterday the SUPERSOES pilot went finally live. Did anyone follow any of the stocks that are part of it? I didn't (but today I'll have NEWP in my sights), but, with this thread, I wanted to stimulate discussion/sharing of insights into the new system. TIA to all posters Guido
What is SUPERSOES, how can I get more information about it ? ? Is it the same as Supermontage ? ? hsanson
Kind of surprising that 3 days into SS and only two posts to this thread??!! I have been watching NEWP and am amazed at the L2 movement at times. Interesting to watch MM's not showing 1000 shares actually disappear and see their volume print...ONCE....on the T/S. I am anxious to see a more liquid/active stock trade under SS though.
for anyone that may have missed this.. INTC and CSCO are both being added to the supersoes pilot on monday.. here is the link if it interests you.. http://www.nasdaqtrader.com/Trader/News/2001/headtraderalerts/hta2001-113.stm good trading -qwik
Here's the full list of SuperSOES pilot stocks. AGIL Agile Software Corporation ALLY Alliance Gaming Corporation BEXP Brigham Exploration Company BIGT Pinnacle Holdings, Inc. CDWC CDW Computer Centers, Inc. CERS Cerus Corporation CSCO Cisco GNLB Genelabs Technologies, Inc. INTL Intel LAKE Lakeland Industries, Inc. LQID Liquid Audio, Inc. MEOH Methanex Corporation NEWP Newport Corporation OCFC OceanFirst Financial Corp. PHFC Pittsburgh Financial Corporation PRGS Progress Software Corporation UNBJ United National Bancorp VAIL Vail Banks, Inc. VRTL Vertel Corporation ZEUS Olympic Steel, Inc. ACTP ActionPoint Inc AETH Aether Systems, Inc ALAB Alabama National BanCorporation ALSK Alaska Communications Systems Group, Inc. ANCC AirNet Communications Corporation ANDB Andover Bancorp, Inc. ASFI Asta Funding, Inc. ATPG ATP Oil & Gas Corporation BCICF Bell Canada International, Inc. BKNG Banknorth Group, Inc. BMET Biomet, Inc. CCMP Cabot Microelectronics Corporation MGB
Your list is missing a bunch added at the 2nd phase - e.g. NVDA (INTC & CSCO addition tomorrow being phase 2.5ish, before everything switches at the EOM). http://www.nasdaqtrader.com, the only definitive resource.
Since the implementation of supersoes this market has become more difficult to scalp trade. Has anybody else noticed the difference? I would be interested in any comments.
Zed, I've noticed that too. I wonder is this is because of the markets volume and liquidity ( see that It has definetely decreased in most of stocks: msft, intc, csco..etc)....or could be because of the implementation of SuperSOES. I hope when the market reaches it's bottom, the volume/liquidity should rise. by the way, since you're a scalper, what firm do you trade with and what is your commission? Also, how many trades do you usually perform? if you don't mind..... Luck in your trades Raphael Aranha
I believe that the advent of supersoes makes the market more efficient, due to faster executions, and thus decreases the opportunities for scalping. Furthermore, with faster executions and firm market maker prices, it now becomes easier to attempt to scalp. Paradoxically, with this ease comes greater competition which in turn makes scalping overall much harder.