Traders beware island scam

Discussion in 'Order Execution' started by Hitnruntrader, Aug 31, 2002.

  1. When in Rome, eh? I just don't see things that way, OK?
    #31     Aug 31, 2002
  2. Aren't you here too?
    #32     Aug 31, 2002
  3. I'm glad someone pointed that out.
    #33     Aug 31, 2002
  4. I am with JWKirkland; agree to disagree ...
    #34     Aug 31, 2002
  5. That is what I am here for ...
    #35     Aug 31, 2002
  6. Absolutely am. excuse.
    I have 2K on ND to cover -1 and I want to make sure I win b4 I go out and spend it.
    It is only 7.30 Pacific........I wont be hitting the bars til at the earliest 9.00
    #36     Aug 31, 2002
  7. mgkrebs


    master of the subtle point-out.
    #37     Aug 31, 2002
  8. In the pre market and post market except its not NYSE but usually
    Instinet with the Best Bid / Offer

    I do not have a program to do this but I set up a few pages
    on my trading platform and try to narrow the spreads to under
    25 - 50 cents ... on island ( or Redi ) for 100 shares
    sometimes there is a program that goes best bid or low offer over mine so I go high bid or low offer over them
    it seems the auto program usually stops at 6 cents

    If anyone out there uses the IB platform you can set the
    % key at 1 % ... that should help prevent
    keystroke offers but there are no guarantees
    #38     Aug 31, 2002
  9. Hammering at institutional fraud is one of the great services a trader can do in the marketplace.

    May I point out that this is not the same thing as capitalizing on an individual's keyboard mistake?

    Of course we can agree to disagree.
    #39     Aug 31, 2002
  10. It is a dirty job; but someone has to do it ...
    #40     Aug 31, 2002