SI
SI
discoversearch

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 : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: stephen evans who wrote (6331)1/6/2000 10:51:00 PM
From: TraderAlan  Respond to of 18137
 
Stephen,

Up until mid 98, SOES "bandits" make dozens of tiny profits fast flipping shares by taking advantage this automated execution system when the manual bid/ask updates of the market makers couldn't keep up. NASDAQ stopped it by declaring tier sizes and new rules designed to close the inefficiency.

SOES is now the least effective method of direct execution. Your order can get placed in a long queue or get filled at 100 shares each 17 secs or just plain held to the bottom of a price swing.

Alan



To: stephen evans who wrote (6331)1/6/2000 10:51:00 PM
From: LPS5  Read Replies (2) | Respond to of 18137
 
Last time I saw a SOES transaction it was being carried off into the cretazoic sunset in the beak of a hungry Pterodactyl.

LPS5


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News