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BMI doesn't have Level 2 yet, but they have been saying "soon" for the past
year. You can get it from several sources, PC Quote among them.
In case you don't already know, the SOES rules changed a little over 1 year
ago and took the advantage away from the SOES traders that was formerly there.
The MMs have also gotten very good at head-fakes and other deceptive
practices, so don't assume that a Level 2 Screen will necessarily give you
an advantage -- you also need lightning fast executions and the ability to
reverse quickly on a slippery dime -- few setups have this capability unless
you have a dedicated ECN...
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At 06:47 PM 3/24/98 EST, you wrote:
>Bob,
>
>Have you checked out getting Nasdaq Level II prices? I have seen it available
>on intetnet feeds ...how about BMI? Since the otc is entirely computerized
>for trades the Level II screen will show every bid/ask on a particular stock
>by every broker that makes its market. From what I know the "Soes Bandits" use
>this info mostly , but if you are looking for an edge on large share lots do
>you think this would help?
>
>Ron
>
>
>
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