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

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To: steve goldman who wrote (2960)	2/12/1998 10:27:00 AM
From: Paul	Read Replies (1) of 12617

Steve: Regarding Next Nasdaq: it is my understanding that it will impact SOES traders quite negatively. Specifically, as proposed, mm's will only have to honor 300 shares vs. the 1,000 they do now (for most stocks.) This in effect triples the commission. On the brighter side, they propose to eliminate the 5 minute rule, the 1,000 share rule (with 300 shares this is of course mostly cosmetic) and the related accounts problem. Am I right about this? Let me know. Enjoy your posts. Needless to say, anyone who day trades/ scalps primarily NASDAQ stocks and does not have an Instinet machine in front of them (which they know how to use!), should employ a firm like yours. Most people think otherwise, because they don't understand that Instinet is, for better or worse, the NASDAQ. Paul

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