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

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To: Mark Davis who wrote (5941)12/4/1998 7:49:00 AM
From: TraderAlan  Read Replies (1) of 12617
 
Mark,

Its not insanity, its the marketplace. Traders will ALWAYS seek to capitalize on market inefficiency. Remember the SOES bandits. More power to them for finding an edge, even for a short time. Current Internet chasers found that traveling in packs was profitable and beat the bid/ask wall. I give them credit for finding a trading "system" that works.

Day Traders have no "right" to profit but all investors, traders, institutions have the right to firm quotes and fair market/limit order executions, period. Without that, it's no longer a market, it's a con game.

The MMs/NASDAQ have a right to respond to this inefficiency in a reasonable manner, like they did with SOES. But they must maintain a WYSIWYG order and execution system whether they like it or not.

Alan
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