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Re: SOES



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In a message dated 98-06-12 21:50:55 EDT, jhudis@xxxxxxxxxxxxxx writes:

<< Can someone please explain what the Short Order Execution System is and
 why it is so fast.  I trade stocks by computer from my home and
 understand that the SOES "bandits" are way ahead of everyone else on
 executions etc.  I have this image of these "boiler rooms"  of traders
 who pay a fee to be there taking eights, quarters and halfs all day.
 Please explain.
 
 Thanks,  Jeff >>

To read more about these "boiler room" bandits, please see Forbes 4/6/98 issue
front cover and page 114-119.
William