No, the situation is bearish: If the stock is trading lower and this bid is stale, it would get an immediate hit by an aggressive seller (he'll...
When I read the tape, I look at every quote and every print trying to recognize some patterns. Every bit of information counts. For liquid stocks...
Tape Reading is spotting an aggressive buyer or seller by looking at the price/volume action and recognizing some patterns. It's relevant for...
Yes. Don't forget that TDA may have an ability to cross orders internally (and then print it on a regional exchange). Not sure that you can...
Well, technically you cannot quote a price better than NBBO and not be a part of it (exchange self-help is one of few exceptions)... But NYSE...
You have to define the price improvement. Is it an improvement over NBBO, or on a particular market center? Usually, when people talk about...
a) I wasn't getting price improvements, I was watching. My point is that the specialist sees only a fraction of the picture these days, so you...
First of all, you have to be damn certain you see price improvements because tape reading is very tricky these days. And it's not necessary that...
According to the rules, the max time for LRP is 10 seconds, but I've seen slow markets longer than that.
150 shares order is not an odd-lot per se, and it would definitely get a hit if it was GTC because of the NYSE priority/parity/yield rule.
Especially for you: his limit buy order was cancelled @ 4:00pm as being a day order, and the specialist closed the stock the stock a couple...
During the slow market all automatic executions are unavailable. You cannot hit bid/take offer if a quote stamped as slow (E,F, or U in quote...
Nothing mysterious here - know the market you are trading on... That order was a "day order", so the rest quantity got canceled at 4:00pm (done...
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Everybody knows IB market data sucks. Use third-party market data and IB to route out your orders.
IMHO it has nothing to do with the liquidity. Every market center has it's own rules when it comes to dealing with odd-lots. It's not the question...
Where your order got routed out? If it was routed out down to NYSE, you had to wait for the next round lot transaction the get your odd-lot...
Well, the specialist don't see the whole picture these days, and makes the same mistakes as we do... Sometimes I see price improvements on the...
Don't forget about price improvements by the specialist. They do not happen so often as they used to, but still....
Here is NYSE tape (prints only) 2008-02-19 10:01:14,73.03,200,T,N,43048,@ 2008-02-19 10:01:55,73.01,100,T,N,43087,@ 2008-02-19...
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