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

To: Paul Viapiano who wrote (8254)	5/5/2000 12:19:00 PM
From: LPS5	Read Replies (1) \| Respond to of 18137

Paul, LOL. Not only is there no lie, but I think you're confusing a "lie" with "inconsistency." There's none of the latter, either: 1. Saying that "limit order information is an advantage in the market" is obvious. It's why I have the ECN's highlighted and watch the Instinet and Island books like a hawk, and why I'm sure most of the people on this board do, too. If that surprises you, you should give it a whirl. 2. Saying that limit-order information isn't central to the firm's trading is not only true, but logical and believable. The entire focus of the article was with regard to the limit order knowledge advantage gathered in the premarket period. Premarket trading is a fractional percentage of any firms' volume, let alone Knight which executes in the neighborhood of 20% of all NASDAQ trading in a given day. Thats 1 in 5. Figure it out: with all the volatility over these past 2-3 years including triple digit NASDAQ days and intraday reversals, Knight has had less than 10 losing days. The premarket knowledge contribution to this profit and success is at best, fractional. LPS5