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Strategies & Market Trends : DAYTRADING Fundamentals

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To: dli who wrote (12286)	3/11/2001 8:30:13 AM
From: TFF	Read Replies (1) of 18137

22. Proprietary Trading: Customer authorizes IB to engage in proprietary trading, and to execute the proprietary trades of its affiliates, even though IB may simultaneously hold unexecuted Customer orders for the same products which could be executed at the same price. In this regard, Customer represents that Customer has read and understood ADDENDUM 5, "Customer Information Policies and Procedures." interactivebrokers.com "How do you trade against direct access order flow? " You don't trade against the actual orders. You use the order flow and account profiles to determine directional biases of the retail crowd and develop strategies accordingly. Of course this is all pure speculation on my part. wtfdik?:)

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