Back in the Golden Age (1998-2000), We'd make more money on OTC stocks than listed. That's why I'm saying that a change from 64ths to pennys barely matters. As for NYSE trading, yes. the impact of decimalization was far greater there.
For sure there was more money in nasd stocks in those years you mentioned, because the ranges were incredible. Stocks had 20-30 point ranges as you said, but the fact that traders had the ability to put limits in at 1/64 increments didn't mean much because of the huge ranges, high volatility, momo, low float, etc., which were overriding characteristics. Those were good times for both markets.
Your disdain for the government is ill placed. The disdain is better placed on the average voter who is dumber than a box of bricks.
Guys, We're drifting... drifting.... Let's get back to the topic of the thread unless no one has anything else to say about WorldCo etc. and then we'll close this up. Thanks.
what was the deal with Worldco never really allowing to trade NAZ? granted i had redi for it but paid twice as much commission. were they afraid of the volatility? or just clearing problems? walter can you put some light on this subject?
Apparently a positive one. There was big money made when the markets opened back up after 9/11, and the Worldco hit its peak (with # of traders and floors offices leased) in 2002.
question #1 is walter doing a trading business in thailand now? question#2 what sank worldco. it was not the leases on wall street because most likely they had sublease clauses.