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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: sun who wrote (4120)	9/16/1999 10:48:00 PM
From: Matthew L. Jones	Respond to of 18137

With direct access, you could have had a macro programmed (hot key) which was a market sell order on ARCA and you would have been out quick and at the best price actually possible. In your scenario it might have cost you 1/4 point on a liquid stock. And part of that is the spread you were giving up anyway. Matt If that happens once a month, your direct access more than paid for itself.

To: sun who wrote (4120)	9/16/1999 10:53:00 PM
From: Dan Clark	Respond to of 18137

sun, regatding your question, "Will the extended (or to be extended) trading hours be good for Daytrader like you?", that's a very good question. I think (hope?) that there will be two positive outcomes: - Extended trading hours offered by more brokers will provide more liquidity for the rest of us. I'm thinking mostly of Datek, which uses ISLD. - It will force the ECNs to band together. We seen this in the last two or three days. I'm hoping that this is the first step towards a central limit order book. Regards, Dan.