This is a cool site that I haven't seen a link for before. There's an interesting article about NYSE trading, OpenBook, etc.. http://www.traderbulletin.com/stories/storyReader$114
Interesting article. I wish the NYSE would get its act together. Open Book would be so much more useful if the updates were in real time and not delayed.
That was a great little on the money article with regard to NYSE issues, wish it had been longer though. Site looks new (its copyrighted 2003) will have to keep an eye on it, if they add content it could be very cool and on target for most of us that frequent ET.
There's an interview with Neovest that says market makers are using filtering to tell when daytraders are using filters to gang up on a stock. Hahaha. It's Spy versus spy. http://www.traderbulletin.com/interview
They added some stuff today (Thur) like they said they would. Does anyone know if Knight still uses Neovest Products, I remember they made an investment in them a long time ago when they were still flying high.
There was something today on www.traderbulletin.com that made me wonder. It says specialists are making less money even though their volume is increasing. If specialists are making less money on their principle trading, I'm guessing they're going to do anything they can to make more money from the order flow they've got. In other words, maybe the listed daytrader is about to get shaken down even more?
Is the delay in open book quotes the same for everyone or do some firms or market makers have preference. In other words, is it a level playing field.
I don't know of any firms that do have an edge with openbook but who knows? There are a few firms that have a huge edge on nasdaq because the software they are using allows them to see the contra party trades for every share traded on a particular ecn. That is prettty nice thing to have because you can have goldman on the offer but if you are seeing him buy shares off the ecn you know he is just holding down the stock while he accumulates shares before it eventually goes and visa versa. :eek:
"I don't know of any firms that do have an edge with openbook but who knows? There are a few firms that have a huge edge on nasdaq because the software they are using allows them to see the contra party trades for every share traded on a particular ecn." is it true or just hearsay?? thx