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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: Robert Graham who wrote (8105)3/31/2000 3:41:00 PM
From: Dan Clark  Read Replies (1) of 12617
 
Bob,

I see that I wasn't clear. :-)

The $50 that I was talking about is related to the fee that Nasdaq charges. I pay this to Quote.com and they simply pass the fee on to Nasdaq.

Regarding, "...when Island provides the same thing for FREE!", I wasn't clear. I was referring to the *type* of information, not the details - Nasdaq and Island post the quantity and price that traders are willing to buy or sell a particular stock. Island is free and Nasdaq charges $50 bucks for the same *type* of information. The Nasdaq fee is unreasonably high.

Regarding Market Makers providing added value to the market, try preferencing a Market Maker on a fast moving stock. The chance of executing the trade is minimal. I use Island and ARCA for most of my trades. When CyberCorp gets INCA up and running on CyberX, I'll go through them also. I have little use for Market Makers.

Among other things, I use and value Level II for finding out what the little MoMo monkeys are up to.

Regards,

Dan.
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