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To: steve goldman who wrote (5925)12/3/1998 1:39:00 PM
From: TFF  Read Replies (3) | Respond to of 12617
 
ALL Please Read:Fight The Power! -Your Broker Just Screwed U - Now What?

Subject 24050

"Fight The Power" is dedicated to the discussion of trade problems/abuses and their resolutions.

*P.S. Please post this link to your favorite SI thread. There is power in numbers!



To: steve goldman who wrote (5925)12/3/1998 2:26:00 PM
From: BradC  Read Replies (1) | Respond to of 12617
 
Personally I think the whole Nasdaq system with their 'license to steal' market makers sucks. If we are ever going to see any fairness in the Nasdaq market we need one auction style electronic order book where everybody from the little guy with his 100 shares to the big guys with their millions can get a fair representation.



To: steve goldman who wrote (5925)12/3/1998 8:43:00 PM
From: August  Respond to of 12617
 
Don't bet on it. You said,"at an ecn, it cant trade through you"
Herzog,Schwab/MASH, et al are trying to trade through/outside ECN prices.
.
They said something like

Trading is based on best efforts only
Execution prices may be significantly different from current quotes


Quotes they don't intent to honor should not be posted, because they are not quotes, merely their tools of deceptions and thievery? Why don't NASD/SEC force them to step aside when they don't want to honor their quotes, and let all orders go to ECN where they will find better executions than through MM(Market Manipulators/Money Makers).

Recent events (and not just this week) are such travesties. Entremed, AVCO, BIOMF, ONSL, BAMM etc etc. These greedy thieves exacerbate the volatility. Their thievery undermine the integrity and foundation of our system of capitalism.

I myself never did and would never invest in any of these stocks.



To: steve goldman who wrote (5925)12/3/1998 9:07:00 PM
From: August  Read Replies (1) | Respond to of 12617
 
Don't bet on it. You said,"at an ecn, it cant trade through you"
Herzog,Schwab/MASH, et al are trying to trade through/outside
ECN prices.

They said something like

Trading is based on best efforts only
Execution prices may be significantly different from current
quotes

Quotes they don't intent to honor should not be posted, because
they are not quotes, merely their tools of deceptions and thievery?
Why don't NASD/SEC force them to step aside when they don't
want to honor their quotes, and let all orders go to ECN where the orders
will find better executions than through MM(Market
Manipulators/Money Makers).

Recent events (and not just this week) are such travesties.
Entremed, AVCO, BIOMF, ONSL, BAMM etc etc. These greedy
thieves exacerbate the volatility. Their thievery undermine the
integrity and foundation of our system of capitalism.

I myself never did and would never invest in any of these stocks