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;-)

Posted: Sat May 10, 2003 3:52 am
by Bernd
:wink:

Posted: Mon May 12, 2003 12:30 am
by trendguy
1) You can trade NASDAQ, NYSE and AMEX with ECNs, NASDAQ is the most liquid market for ECNs ... there are a few that don't trade NYSE/AMEX

2) YES

Re: ECNs

Posted: Mon May 12, 2003 12:50 am
by blueberrycake
Bernd wrote: 2) What about the uptick rule when trading over ECNs? Does it apply when trading through ECNs?
I am not an expert here, but I believe that you can get around the uptick rule by using bullets, which are essentially synthetic positions where the stock is offset by a married put.

-bbc

Posted: Mon May 12, 2003 9:51 am
by Bernd
:wink:

Posted: Mon May 12, 2003 11:21 am
by trendguy
Bullets and forward conversions are great tools but more suitable for scalpers and day traders. You shouldn't really have a problem getting short in a longer time frame

Posted: Tue May 13, 2003 3:06 am
by Bernd
:wink:

Posted: Wed May 14, 2003 1:07 am
by pallbritton
it applies to AMEX, NASDAQ & NYSE


"The so-called "uptick rule" currently protects investors in
NYSE, AMEX and NASDAQ National Market System (NMS) stocks, but not
millions invested in OTC BB stocks or in the 1000+ NASDAQ Small Caps"

the above came from: http://www.sec.gov/rules/concept/s72499/wei1.txt


it does not apply to etf's though (ex: qqq)

Posted: Wed May 14, 2003 7:40 am
by Bernd
:wink:

Posted: Wed Jun 02, 2004 8:44 pm
by si
Bernd wrote:ETFs might be a way to go. But the contract size is pretty large for the capital I can use to trade.
ETFs trade at stock-like valuations : eg, the S&P500 Depository Receipts (ticker:SPY) is right now at about $110

bullets and ETFs

Posted: Fri Jun 04, 2004 1:30 pm
by Luckydamo
Careful on bullets SEC is watching these closely right now as they are just an obvious way to get around rules that the average retail client must follow. I clear through Goldman Sachs, and they just took away the use of bullets, believing it may be made illegal, possibly even retroactively. ETF's work fine, usually lots of liquidity, can trade virtually every market, and don't have to worry about breaking the law-Damion