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Microcap & Penny Stocks : PanAmerican BanCorp (PABN)
PABN 0.000010000.0%Mar 7 3:00 PM EST

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To: barbara sperino who wrote (8018)7/24/1998 12:49:00 AM
From: Currency   of 43774
 
Insider Trading and a Few Ideas How it Works
--------------------------------------------
This gives you the most comprehensive connection possibly
to the market floor. You get data feeds directly to your
computer and is one of the most important tools that a trader
utilizes.

You are provided access to the electronic communication network.
The importance of electronic communication network (ECN) exposure
is a necessary tool for successful trading. Essentially, putting
in an order in this fashion is the same as if E*Trade and others
were to put in their orders. The difference is that you get to
choice the ECN line to assure yourself you get the best possible
price you are after. Thus, this provides you with more avenues
of obtaining your desired trade.

For example, there are ECNs that are out there that may be accessible
(it's not clear what ECNs IT will all carry):

SOES (Small Order Execution System)
SelectNet
Instinet - INCA
Archipelago - TNTO (ARCA) (Full Access to ARCHIP Book)
Island - ISLD (Full Access to ISLAND Book)
Attain Trade Book -ATTN
Bloomberg Trade Book - BTRD
Spear Leads Trade Book -REDI

Unlike many ECN's and SOES, ARCA gives the day-trader the ability to
route an order through all ECN's electronically with the press of only
one button. No longer does a day-trader have to cancel one order to
place the same order on another system. The ARCA system can
significantly increase your order placement efficiency and reduce
costly partial fills.

Real-Time Position Tracking
Every step of a live order is tracked in your position minder and order entry screen. From order entry to completion, each step is displayed in real-time for your convenience. Your positions and buying power are electronically maintained in real-time, thereby completely eliminating confusion of order status.

Off Hours Trading
Usually, once these data feeds are up, trading can also occur 1/2 hour
before and 1/2 hour after the market bells. So, imagine trying to
secure your position before and/or after some major news occurs within
this time limit.

I hope this helps.

Kevin
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