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Strategies & Market Trends : From the Trading Desk
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To: Brendan W who wrote (2205)1/5/1998 5:01:00 PM
From: steve goldman  Read Replies (2) of 4969
 
Actually Brandan, we have thought about hosting a message thread. I felt that it wouldbe more novel to do via. a live chat session. As for removing low-value posts, personally, on this and the Trading Desk thread, I don't think there are that many. Each post seems to get at some little point and some while they might be valueless to you and I might be valuable to others. This is a good forum as a result of its open style of dialogue. Its' easy enough to hit the next button.

As for the routing to market makers...some firms have electronic systems that automatically receive your order electronically via. the internet and then reroute them to protected systems once an internal machine system verifies share and money balances, etc.

Most firms do, though, have pretty high tech phone systems, called turrents with great access to phone numbers etc. Thisis not only for routing orders for order flow but for getingin touch with mm's to do trades against and getting back to clients immediately. Its a box with a screen and a wheel that is actually weighted and you spin it and can scroll through about 100 phone numbers in about 2 seoncds. British Telecom makes ours....top notch equipment.

I have a direct line to Mash's trading desk where a phone trader or desk trader might answer. They have a screen which probably shows the firms tolerance for tkaing in and selling stocks. The trader covering SIII probably puts this in on his end. Once the tolerance is filled, the trader must readjust his "internal" market.

Regards
Steve
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