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Strategies & Market Trends : Level II Trading
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To: DRRISK who wrote (256)2/27/1998 12:04:00 AM
From: Cader  Read Replies (1) of 1086
 
Doc,

I am confused. You say that you don't use ECNs? So do you eat the spread each time ie (SOES in and SOES out of a stock)? Am I missing something? Do you use Selectnet to exit a position? I don't know what Cybertrader charges for the ECNs but I do know that ISLD costs $1.00 per transaction and TNTO $.50 per transaction. This seems to me to be chicken feed for the opportunity to make a 1/16th or even a 1/8th on your trade. I'm interested in your mechanics of entering and exiting a trade, please share them.

Later,

Cader
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