Why NYSE market orders SUCK

Discussion in 'Order Execution' started by axeman, Dec 4, 2002.

  1. So in Summary of all the posts here: NYSE Rules are unenforceable and arbitrary, LOL, (you're small fish in a big pond) so why trade the NYSE and be surprised, LOL, when you get screwed on the fill. EOM
     
    #71     Dec 23, 2002

  2. You seem to be a gay little fellow!
     
    #72     Dec 23, 2002
  3. jem

    jem

    There are times you know you are entitled to a correction. When you know you usually do get a price improvement. I have noticed that guys who complain all the time occasionally get corrections. Guys who complain infrequently and irrationally never get corrections and guys who really understand the rules and only complain when they have a strong chance of winning get a pretty high pecentage of corrections.

    I think it is a combination of how right you are and how seriously your representative with dot or the nyse takes you and your complaint. After all I am sure they want to preserve their credibility too. I am sure they walk up the specialist or clerk and say this looks like a b.s. compliant so just give me whatever and other times they probably say hey this guy was screwed, doesnt complain that often, trades volume and will not take take no for any answer you you should make good or have an airtight defense. I may be reading too much into this but I have listened to poeple complain since 1996 and can pretty much tell when a correction will come. I use to say stock ahead when the trader hung up but I have not heard that one too much recently.
     
    #73     Dec 23, 2002