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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: OZ who wrote (763)10/10/2001 9:30:40 PM
From: chris-  Read Replies (1) | Respond to of 867
 
Thanks Oz, couldn't refresh the browser to try and bring back the content.

I guess I'm just concerned about getting full fills at the "best" prices if they all sit there with 100 again (thus, the king of partials will re-occur). The rest of it I'm not too concerned about as they will play their normal games and we will keep trying to adapt to it.

Alan, not sure about the state of the release, but they sure aren't forthcoming in a "loud" manner. Why would I expect anything different. Even the whole 25K issue barely got much coverage.

Anything I might be missing that you guys can forsee?

Chris



To: OZ who wrote (763)10/11/2001 1:19:36 AM
From: aldrums  Read Replies (2) | Respond to of 867
 
Copy of letter to SEC:

To:rule-comments@sec.gov

nasdaqtrader.com

Please see the link above for the proposed rule I am commenting on. I could not find a file or rule number on the SEC website.
I urge the SEC to deny the NASDAQ passage of this rule proposal. Reducing the displayed share requirement to only 100 shares will only serve to reduce liquidity from the market by the very people (NASDAQ Market Makers) who are required to provide it. The passage of this rule will make it much harder for the individual investor or trader to get the best price on his or her trade.
Most annoying is that if you read the Head Trader Alert the NASDAQ has already assumed this rule will be passed and plans to implement it on November 1st, 2001. This is only three weeks away. How can this rule be implemented when the rule proposal is not even posted on the SEC website for comment?

Sincerely,

Alex Luce