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Non-Tech : MB TRADING

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To: wallacestevens who wrote (1236)9/12/1998 5:31:00 PM
From: TraderAlan  Read Replies (2) of 7382
 
Wallace.

Agree exiting faster should be an advantage.

But what about payment-for-order-flow MMs having to accept market executions promptly with a broker vs. the no-guaranteed fill of ECNs? My experience thus far is I'm getting more slippage now than in my discount days.

The one indisputable benefit is the ability to buy/sell between the spread regardless of entry/exit point. Interestingly, if the e-brokers, like e-Trade, follow through with intentions to cut deals with ISLD, INCA etc, they'll eventually offer Real Tick-like interfaces to grab back the business lost to places like MB.

Those will be wonderful days for EDT traders as comms drop back below $10. Not so nice for the Terra Novas of the world.

Alan
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