Program testing can be used to show the presence of bugs, but never to show their absence! Dijkstra, 1969
Interesting thread. The thing I really wonder about is CLEARING costs. I seem to get conflicting answers about how much it really costs to clear...
This is highly dependent on the provider and the software (which is often written by the provider of course, but not always). There are no real...
Thanks for your posts, Rabbitone! Many of your points seem to agree with what I've observed as well.
http://elitetrader.com/vb/showthread.php?threadid=150107 Please also keep in mind that there is no defined schedule under which people "become...
LTCM and Renaissance aren't really comparable, in my opinion. These two names represent totally different management styles, organizational...
COMEX also has both copper and aluminum contracts (www.comex.com). Have you considered these? I think they offer smaller units than does the...
It's possible to get this data off of Yahoo or Google Web pages. There are a lot of API's built specifically to download these data from Yahoo...
What Shreddog said is correct. Especially that you need to specify WHICH order it is you're trying to cancel. However, depending on what you're...
It COULD have been busted, although it's not dramatically away from the "prevailing price", so who knows. The exchange can bust ANY trade at...
Many different products, for many different purposes. See the reviews section of this site or look at the old threads under this category.
I agree with that! I wonder if there's a system smart enough to do that -- pretty simple, maybe: If it's a non-stop order: cancel it. If it's...
Heheh..very funny post indeed! But lpchad seems to have claimed to have traded before; his credibility seems shaky to me:...
This is a good point. Lightspeed is essentially a Schonfeld entity as well, so there is also potential conflict of intrest with Schonfeld's own...
It makes a lot of sense to me -- I've experienced the alternative, namely being disconnected and having orders till live -- let's just say the...
Speed of order placement should be pretty much instantaneous for both directed and "smart" order types; millisecond-granularity autotrading is...
http://www.newegg.com/Product/Product.aspx?Item=N82E16822148377&Tpk=7200.12 Nice..and the 2TB four platter version is rumored to come out in April!
Basically, there is a lot to learn with exchanges and how they charge fees, so this may be more than you need to know, starting out. Exchange...
I don't think this is relevant to the OP since, as OP's post states, they're only trading stocks. But even if that weren't the case, I think...
I think they're both fine, provided you're trading relatively small volume (<1m shares per month?), taking liquidity, and using non-directed (IB...
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