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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (2327)	1/18/1998 5:48:00 PM
From: Morpher	Read Replies (2) \| Respond to of 4969

Who do you think is picking up most of the tab? The individual investor. Ever notice that when you sell a stock, there is a very small percentage deducted from the net proceeds. This is the fine being passed along. I don't think that this 1/300 of 1% fee on sales has anything to do with the recent Nasdaq settlement since it has been there many decades before Nasdaq even existed.

To: steve goldman who wrote (2327)	1/18/1998 11:02:00 PM
From: Dominick	Read Replies (1) \| Respond to of 4969

Steve: I need your educated opinion. With regards to Level 2 data. Other than not viewng the + or - beside a MM bid/ask or who's buying or selling. What disadvantages are there if you just viewed the time and sales tick data, bid/ask sizes and a tick chart? I'm new at this, but it seems you could still determine supply and demand without spending for level 2 data. Thanks Dominick