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


To: Robert Graham who wrote (8105)3/31/2000 3:41:00 PM
From: Dan Clark  Read Replies (1) | Respond to of 12617
 
Bob,

I see that I wasn't clear. :-)

The $50 that I was talking about is related to the fee that Nasdaq charges. I pay this to Quote.com and they simply pass the fee on to Nasdaq.

Regarding, "...when Island provides the same thing for FREE!", I wasn't clear. I was referring to the *type* of information, not the details - Nasdaq and Island post the quantity and price that traders are willing to buy or sell a particular stock. Island is free and Nasdaq charges $50 bucks for the same *type* of information. The Nasdaq fee is unreasonably high.

Regarding Market Makers providing added value to the market, try preferencing a Market Maker on a fast moving stock. The chance of executing the trade is minimal. I use Island and ARCA for most of my trades. When CyberCorp gets INCA up and running on CyberX, I'll go through them also. I have little use for Market Makers.

Among other things, I use and value Level II for finding out what the little MoMo monkeys are up to.

Regards,

Dan.



To: Robert Graham who wrote (8105)3/31/2000 4:06:00 PM
From: Dominick  Read Replies (1) | Respond to of 12617
 
Robert Graham:

The bottom line is the stock market is for the public not for the specialist or MM's.

Quotes and transactions from NASDAQ are not very much different than from the NYSE. IMO, compared to the NYSE, NASDAQ $50 fee is a penalty against the public.

Regards,

Dominick