Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (7797)	11/28/1999 5:51:00 PM
From: Dan Duchardt	Respond to of 12617

Interestingly, some of the large brokerage houses are beginning to reveal very large trading profits from their professional traders. A lifetime of experience, knowledge of a firm's own inventory and client trading tendencies and strong lines of credit provide substantial advantages to the professional trading desks. In other words, the professionals, on average, can take the benefits of trading away from the amateurs. Recent earnings reports from Wall Street tend to support this conclusion. Does this surprise anyone?? As soon as the "public" figured out that an execution system like SOES could be used to advantage by adopting a short term trading strategy, the professionals had it effectively dismantled. Not to mention that MMs have in many cases abandoned their responsibility for maintaining an orderly market that comes with the privilege of being an MM for the much more lucrative "let's see what we can lure them into so we can take their money" approach, all the while pointing their finger at the daytraders for causing the market volatility.