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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Ken Adams who wrote (9)6/5/1999 4:37:00 PM
From: Eric P  Read Replies (1) of 18137
 
Ken:
You are not missing a thing! Stick with it. If your broker is giving you quick fills at or within the inside bid/ask in an active stock, then you have an ideal situation and are understandably happy.

The real source of liquidity these days is coming from the ECN's and from direct relationships to market makers who receive payment for order flow (such as with your broker). The traditional Nasdaq marketplace, using SelectNet and SOES, is becoming virtually worthless until the rules are changed.

Good Luck!
-Eric
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