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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: KFE who wrote (808)7/14/1999 8:10:00 PM
From: dealmakr   Read Replies (1) | Respond to of 2317
 
Ken,

Your proposal maybe never went anywhere maybe because it might have evened up the playing field a bit for the public. I think there was more liquidity in the past than there is now. Even the OEX looks to me to have declining activity as compared to years ago. Maybe the volatility and the high premiums have taken a lot of players out of the game. I do wonder what may happen when extended hours trading on the stock market comes into being.

Good Trading

Dave



To: KFE who wrote (808)7/14/1999 9:16:00 PM
From: HarryF  Read Replies (1) | Respond to of 2317
 
Ken, I would love to see some sort of options ECN's - I have been trading with AB Watley for a few months now, and I love the level 2/ECN trading on equities. My experience with options is that the specialists do what they please (or so it seems to me): I have watched the bid/ask go past my offer, and not gotten filled. When I cancel an order on an equity, it is instantaneous. I have cancelled orders on options and have not received back the cancel for as long as 2 hours, a long time on a day trade (it essentially locks me out from resubmitting my trade).
It seems to be that ECN's for options can't be far away!
Or so I hope!