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.

Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: gene_the_mm who wrote (827)	8/27/2000 10:16:09 PM
From: $Mogul	Read Replies (1) \| Respond to of 1426

Gene, I think I should post a email link here to the SEC divison handeling the approvel of Super SOES and Super Montage, for all here and here on SI to email and oppose this. I share your opinion on this issue and many short term traders have no idea wht this is all going to mean to them and there future trading and profits. For a listen and watch scenario go to Nasdaqtrader.com and go to the webcast of the initial SuperSOES implementaion presentation.. In my opinion this is so anti- the small trader that it makes me sick to my stomache, and is clearly being implemented for the larger institutional traders to protect there own profits.

To: gene_the_mm who wrote (827)	8/28/2000 1:12:42 PM
From: Threei	Read Replies (1) \| Respond to of 1426

Gene, while I agree it's not going to be that rosey many think, it doesn't seem to me as grim as you described either :) To me, bottom line is: 1. Amount of shares avaiable at certain price level is not going to be impacted greatly (of course it might decrease some because of bigger risk exposure under new set of rules, but it's not like 100 shares would turn to 10K or other way around). 2. 5 seconds between fills results in increased volatility. 3. Obligation to show minimum 1000 shares if MM wants to have reserve helps to see that THERE IS reserve (at least it's better than with 100 shares and any kind of reserve like we have today). 4. No SNet liability - it sucks. 5 ECNs are not likely to participate in SuperSOES, so competition is still there. Overall - yeah, volatility and risk exposure is going to increase, especially first weeks after implementation. What happens then - we will see. My quess would be: seasoned traders will adjust quickly and gap between them and less experienced ones is going to increase... Vadym