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Strategies & Market Trends : From the Trading Desk

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To: Edward R. Haskins who wrote (1778)11/24/1997 11:39:00 AM
From: steve goldman  Read Replies (1) of 4969
 
Well, first off, there are many different proposals...ultimately they want to make the nasdaq market more fair, more illiquid and have orders more apparent to the marketplace, which is supposed to benefit the individual investor. It definately hurts the market makers who can't keep orders hidden and wide spreads, etc. Afterall if we get the nasdaq more like a listed exchange, then who needs market makers and they lose one of the most profitable components of their business.

Traders, though, might lose an execution system which is aimed toward fast moving action. Traders will probably have to adjust their strategies. SOES Shops will probably have to adjust to remain in business.

I don't think the rulings have been passed on yet but are simply proposals. I am for it one way or the other. The crap that I see going on the nasdaq, with market makers and customer orders is a bit much. ITs gotten more fair and hopefully it makes it the rest of the way.

regards,
steve@yamner.com
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