Goldman Sachs Now Dominating Dark Pools Trading [View article]
interesting....why didn't you do 101 lots ?
On Jun 08 10:33 PM User 184769 wrote:
> I day trade and our firm clears through Goldman an we use Rediplus > (Goldmans Trading Platform). Goldman is always trying to push sigma > and dark pool on us. They guarantee that we will see better executions, > but a few of the guys in my office tried it and said they noticed > no better fills and no savings. What I found the most interesting > in this article is how Goldman is the biggest player in computerized > trading. This is interesting because we used to make a lot of money > sending out thousands of bids and offers a dollar or two away from > the closing print in after hours trading. This edge has been destroyed > by computerized trading that constantly front runs your orders by > .01. When you send the orders and try to jump in front of the program > by a penny, the program is right back in front of you within a fraction > of a second. I then tried to send 99 share lot orders because the > program doesnt work against odd lots. Goldman shut me off the next > day and I had to attest that I would never do orders less than 100 > shares. Shady business.
Financials and Retail: Not as Dire as They Seem [View article]
yes, i agree with waseem, a good analysis of the financial stocks. Personally, i think C, washmutual and BSC are dogs. I like MER (mostly because of the CEO) and BAC, although the CFC deal was shear madness on their part. CFC is a complete dog. i might enter MER next week.
Goldman Sachs Now Dominating Dark Pools Trading [View article]
On Jun 08 10:33 PM User 184769 wrote:
> I day trade and our firm clears through Goldman an we use Rediplus
> (Goldmans Trading Platform). Goldman is always trying to push sigma
> and dark pool on us. They guarantee that we will see better executions,
> but a few of the guys in my office tried it and said they noticed
> no better fills and no savings. What I found the most interesting
> in this article is how Goldman is the biggest player in computerized
> trading. This is interesting because we used to make a lot of money
> sending out thousands of bids and offers a dollar or two away from
> the closing print in after hours trading. This edge has been destroyed
> by computerized trading that constantly front runs your orders by
> .01. When you send the orders and try to jump in front of the program
> by a penny, the program is right back in front of you within a fraction
> of a second. I then tried to send 99 share lot orders because the
> program doesnt work against odd lots. Goldman shut me off the next
> day and I had to attest that I would never do orders less than 100
> shares. Shady business.
Warren Worship [View article]
Warren Buffett on Goldman Sachs and the Financial Bailout Package [View article]
Low Expectations for Investment Banks [View article]
Options Trader: Friday Outlook [View article]
Merrill's Financing Strategy: Harming Shareholders [View article]
Financials and Retail: Not as Dire as They Seem [View article]
i might enter MER next week.
13 Predictions for 2008 [View article]