To: Chris who wrote (6638 ) 3/8/1998 11:33:00 AM From: Robert Graham Read Replies (2) | Respond to
Yet another book report: I have received a book called the "Electronic Day Trading". The book does cover material that is helpful in order to understand the systems of NASDAQ (Selectnet for example) and the market makers behind the systems and how they can operate. This book does not "hold your hand" on this topic. It covers bits and pieces of this picture that you really have to add up yourself from by drawing on your own experiences. However, this book is the only one of its kind that I have come across when gives you a worthwhile start into understanding how the NASDAQ market maker operates. I suspect this is why many have not found this book to be valuable: it provides them only with a starting point that they need to think about and fill in the rest of the picture themselves. But even just considering what the book has to offer, it does provide very worthwhile insights supplemented by common trading scenarios into how the MMs operate. There is suppose to be a new edition that is being brought out by a new publisher which should be updated for the new NASDAQ order display rules. This original version of the book appears to be self-published.
