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

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To: BradC who wrote (6703)3/12/1999 9:31:00 PM
From: steve goldman  Read Replies (3) of 12617
 
ECNS will never provide liquidity and will never step in on their own. Its all about theclients. An ECN is only as deeep or liquid as the traders on the other end. Market makers, on the other hand, must always stand ready to buy and sell. No market maker will offer autofills up to 2 and 5k at 2am.
Its silly IMO to even fathom all night trading. Heck I work as hard aanyone and will adjust to anything, but their is a morality issue as well. We shouldn't reward all night trading. Convenience stores and medical emergency rooms should be open at 3am. Everyone else should be at home, taking care of their family at that time. Could you imagine how stressful that will be for some traders. Most are already addicted and cant stand being away from their terminals.
a bad move...

-regards
steve
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