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

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To: TFF who wrote (3015)	2/16/1998 11:00:00 PM
From: funk	Read Replies (1) of 12617

Oh yeah someone asked about ARCA before... LOL I use ARCA quite a bit. As an alternative to using a SOES order, you can use the ECN to get things done. On your Level Two quotes you would see my trades go through TNTO Terra Nova. Using the ECN allows you to beat the spread ( if the market isn't going completely against you ). Also a handy way to execute if you want to trade more than 1000 shares at a time. If I want to get short and the bid is on a down tick, I can use the ARCA button to meet the best offer and get short that way. Obviously if a stock is ripping down, that won't work too well, but I have gotten short that way plenty of times. The ARCA button is also the way to trade before or after the bell. SOES won't cut it then. We just got the selectnet button in the order entry screens last week. Yet more options for getting great entries and exits. funk

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