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.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Paul who wrote (2979)	2/13/1998 3:54:00 PM
From: Morpher	Read Replies (1) \| Respond to of 12617

Where did you see that 300 shares limit for NextNasdaq? Any links or references? The Nasdaq Trader page nasdaqtrader.com says: 1.If the order is 1,000 shares or less, and the quote is equal to or greater than the order size, the order delivered to the Market Maker or ECN will be executed automatically. 2.If the order is greater than 1,000 shares and less than 5,000 shares, and the quote is equal to or greater than the order size, the order will be presented for 20 seconds for action by the Market Maker or ECN. If an action (execute the order) is not made within that time, the system will default to an execution of the order. 3.If the order is 5,000 shares or greater and the quote is equal to or greater than the order size, the order will be presented for review for 20 seconds, after which time, the system will default to a decline of the order. I also read that MM's are very much against NextNasdaq. Thanks.

To: Paul who wrote (2979)	2/13/1998 10:48:00 PM
From: Cader	Read Replies (1) \| Respond to of 12617

Paul, I agree with most of your post. However, we have taken a proactive approach to all the regulation changes that have either taken place or are about to take place. "SOES" trading has changed from the sit and grind 1/8 ths all day to using ECN technology, SuperDot technology and yes SOES technology to allow the individual investor the opportunity to compete. SOES was just a start to getting the information and the all important execution button into the hands of the small investor. Technology keeps improving and so will access and executions. I've only been involved in this DayTrading business for a little over a year and I have seen adaptation after adaptation to the new rules laid out by the NASD. From what I've seen and participated in I think things can only get better for us. I hope we all can ban together and let our voices be heard, so as to be apart of the next generation of access and execution on the NASDAQ. SOES has gotten a black eye by some of the attitudes that exists in this exciting business. This does not mean we cant work together and make a change for the better, and get rid of this Bad Boy image Day Trading has taken on. I can see it happening already. Can you tell I'm excited about this opportunity? Anyway I need to get home. Have a great weekend all!!!! Later, Cader