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Strategies & Market Trends : SOES Trading -- Ignore unavailable to you. Want to Upgrade?

To: Jay Morrison who wrote (1198)	1/18/1998 10:56:00 PM
From: Mark Davis	Read Replies (1) \| Respond to of 1618

Beware the LARGE SOES houses. You know who they are. First and foremost, they are interested in padding their own pockets on the backs of you, the trader. You risk all the money, they provide the gambling terminals. Though the commissions SEEM low, they are really quite high considering the kind of volume they want out of you. Up to $35 for one side of the trade if you use Instinet. This with $9.99 internet trades available. Yeah, I know, SOES rooms don't sell order flow. You will rarely if ever see any of the principals of a SOES room trade. Why should they, when you, the 'trader' put easy money in their pocket. Good luck, and watch that ticket count!