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Ron2368 wrote:
> Bob,
>
> 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?
If you trade the NASDAQ, Level II is very helpful. Even more important, though,
is having a good execution system. Forget online brokers here - not only are they
slow and unreliable, but they are selling your order flow, whereby you won't get
good fills a lot of the time. In fact, this is how most of these brokers make
their money - losing on the commission, but more than making up for it here. If
you average a trade or more a day, definitely consider getting one of the good
execution packages, which level the playing field between you and other MM's.
Personally, I'd recommend CyberTrader (http://www.cyber-corp.com) - no connection
with them, but it has it all as far as these things go, including capabilities for
trading listed stocks, and I've heard nothing but good things about it.
Regards,
A.J.
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