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Strategies & Market Trends : From the Trading Desk

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To: J.S. who wrote (4294)3/1/1999 1:46:00 PM
From: steve goldman  Read Replies (2) of 4969
 
Time and Sales should be dead on. Its the time the mm reports the trade to the tape, to the NASDAQ. That is usually perfect. I have seen times and sales across many quote services, usually dead on.

Bad quotes (delayed) quotes are a big problem for online internet traders. Most of the day they are fine, may be a tick or so behind, nothing substantial. Yet at the opens or on crazy days, internet quotes could be 4 minutes behind. you are seeing at 1/8 offered and little do you know its alrady 1/4 bid.

I think many of our clients like to take the two seconds to get a real quote. We use lan-based systems and have the nasdaq workstation, the "bible" of quotes, times and sales. /
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