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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Ron Bower who wrote (3214)	2/12/1998 11:47:00 AM
From: Honest Abe	Respond to of 78567

If he collects 25% of the profits, that would be an incentive fee, not commissions. SOES stands for Small Order Exchange System. There are lots of SOES brokerage houses set up in the larger cities across the US. The SOES system was set up to give small traders access directly to the exchange. I have never traded through the SOES system, but I have some friends who do. The brokerage houses that offer SOES give the trader full access to all the computer and software needed to trade. The traders are primarily looking to arbitrage across SOES and Instinet - I think those are the two systems, and some play off momentum moves, but from what I've seen they are all going for 1/8 and 1/16ths of a point. The trading is point and click, and it is automatically done in round lots of 1000 shares. I know one guy making a ton of money trading, but it's the brokerage houses that are really making the bank. Look up 'SOES' in a search engine, you will find all the information you need. Keep in mind that it is the complete opposite of value investing!