excuse this but what is "sweeping of the book"? Can you elaborate on your perspective on market shorts and lifting of size? I like the more than 1099 shares rule but in retrospect ,the unlimited size is quite a handle on the price level everyone is seeking to NX.
dude, the party is over its going electronic in a month, the fat cats got their nyx shares and dont care what is left for the specialist? new rules made in his favor and an api to do all the grunt work. scalping will change forever- no more racing sdot with nx no more enveloping as we know it no more price improvment(although they say not- we know it is) no more cleanups as we know them no more steppingdown trades as we know them no more openings gravy all we have to look forward to is--- higher fees blackboxes grey boxes no volatility(although its been dying for months in most good stocks) no trends complete and total lack of transparancy I have no interest in routing to the nyx, whats the point? I wish i could buy puts on bright trading and the rest of the big dogs
I miss spoke, there is a limit and it is 1,000,000 shs. There is 1 stock that is currently on the program right now and it is LU.
rules seem specifically designed to favor the specialist; u already see the effects now, with your orders filled in a flash when u are wrong and not filled when right. specialists now have all the automated tools to screw u with more efficency then ever.
so so true. I get filled faster on new york than ecns when I'm wrong, and have to wait literally minutes to get filled (most of the time I don't get filled anyways and just cancel) when a good market short situation happens
scalping will change forever- no more racing sdot with nx no more enveloping as we know it no more price improvment(although they say not- we know it is) no more cleanups as we know them no more steppingdown trades as we know them no more openings gravy can you shortly elaborate your conclusions on each of those? So what are we all equities scalpers going to do? Trade forex?
am already thinkin' about filin' a complaint to the sec. i need to video-record all the situations i found meslef lately where i either couldn't get out and had to give back all my profits and more, or couldn't get in even tho there was plenty of size on offer and a spread to pay with price movin' back and forth from my restin' lmt order many times over. this shit has happend to me every single freakin' time i placed an order on new york. i dunno how u guys can scalp effectively nyse when u are never guaranteed a fill.
Is the hibrid PACX - NYSE going to work as a single book, or as two separate entities? In terms of excecution and routing? I like the idea of excecuting automatically up to a million shares. Besides, the market will still be available throught the nasdaq´s DOTN platform, and it´s going to start paying liquidity rebates too... so it isn´t like the specialists are going to have a monopoly on excecution, like in the old days...
it fuckn sucks, really, how do the ones scalp on new york with the new hybrid market? Or is scalping even a profitable option anymore once october 6th hits... and they say october is the best month of the year too...
not sure but if we front run an aggressive size stepping down, many say there won't be much of that opportunity anymore, or opportunties that will not present themselves worth while to go through the hassle of getting filled and then maybe if you are lucky to get a couple of cents out.