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Strategies & Market Trends : From the Trading Desk

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To: xstuckey who wrote (2141)12/19/1997 8:36:00 PM
From: steve goldman   of 4969
 
Well, to be honst Xstuckey, we probably hate him because we envy him. These guys get the other side of the trade, almost riskless and get to try to make an 1/8 or 1/4. I think Chris said he average's a 1/4 markup. That means he just goes at it, buys the stock, takes his average price and marks it up the 1/4. To be honest, doesn't sound like they need that much skill since it is a riskless transaction. Nonetheless, I am sure they are some of the best of the lot.

reading what Chris wrote about how he works trades and what they charge, market up, made me feel great about the kind of work we do for clients.

Regards,
Steve@yamner.com
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