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 : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?

To: Lola who wrote (31)	4/8/1999 10:25:00 PM
From: Impristine	Respond to of 314

no incentive to change, if it works, don't fix it, just start doing it, take charge, just let the demand follow, build it, and they will come, if it works, it will attract, if successful, the money will flow, the traders will follow, island could probably do it, make everything a limit order system, make everyone have equal access, no priorities, no exposure bullshit, it would work,

To: Lola who wrote (31)	4/9/1999 1:39:00 AM
From: RobertG	Read Replies (1) \| Respond to of 314

Thanks for the post Lola, I fully agree and surely it is only a matter of time, despite the MM's etc rear guard actions, before there is a truly automated dealing system. I understand that some of the larger brokerages are seriously looking at this as they now have the volume to justify their own inhouse market - this has got to be where we are heading. If you look at the internet dealing sites of Schwab etc they already have everything almost in place to activate this kind of strategy - and whoever is there first will be able to set the standards - whoever is not part will die sooner or later So whats missing - regulatory concensus and framework??? well known US liability laws?? - what else??

To: Lola who wrote (31)	4/9/1999 1:58:00 PM
From: brec	Read Replies (2) \| Respond to of 314

Without market makers or specialists market orders become imprudent due to the possibility of temporary periods of illiquidity -- lack of bids/offers near recent execution prices -- in any given security. Can the "regular guy ... the one who really fuels the stock market with his hard earned dollars" be re-educated to use only limit orders? Or, if he gives the equivalent of a market order to an agent/broker who then places and monitors limit orders, can the customer be re-educated to wait a few hours or days for a fill/confirmation? Relatively few securities have the utter liquidity of the big tech/net stocks. Without market participants who undertake a responsibility for providing liquidity, the "regular guy" who wants to buy or sell a few shares of Podunk Steel & Bagel is going to have to become accustomed to some trading inconveniences.