SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : DAYTRADING Fundamentals
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dan Clark who wrote (8001)4/25/2000 9:07:00 PM
From: Eric P  Read Replies (2) of 18137
 
This is an EXCELLENT explanation for us simple, god-fearin' daytraders. <g>

Thanks, but please check out the links and read and hear about the system in all it's glory. I've just tried to give a brief summary. The details look good to me, though.

It also brings up an interesting question about the future role of direct-entry firms like CyberCorp and MBTrading. If we can simply "SuperSOES" an order and get good fills, will we need complex order routing options like those offered by these firms? Any thoughts?

After the implementation of the SuperSOES system, the only value I see in sophisticated order routing systems will be to quickly recognize how many shares to SOES and how many that need to be SNET'ed to non-participating ECN's. Hopefully, all of the ECN's will agree to participate, thus eliminating the need for any fancy order routing. Note that brokerages that also run ECN's such as ARCA and REDI will still have a vested interest in sophisticated order routing system to ensure that the order are routed to their ECN's first among the others at the same price level. This should not adversely affect the trader, however.

In summary, it seems as if this new proposal should simplify the trading process. More time spent analyzing when to buy and sell, and less time spent awkwardly trying to figure out who and how to send your order to the marketplace during a quick market move.

Cheers,
-Eric

-Eric
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News