| |
|
|
|
|
|
Chapter One. What Is Direct Access Electronic Trading And SOES Trading? |
|
|
|
| |
|
|
|
|
|
The SOES Bandit |
|
|
|
| |
|
|
|
|
|
Electronic Day Trading |
|
|
|
| |
|
|
|
|
|
Successful Trading Is the Key |
|
|
|
| |
|
|
|
|
|
The SOES System |
|
|
|
| |
|
|
|
|
|
Nasdaq Level II Trading Screen |
|
|
|
| |
|
|
|
|
|
Chapter Two. Advantages Of DAET Trading |
|
|
|
| |
|
|
|
|
|
Financial Industry Impediments to DAET |
|
|
|
| |
|
|
|
|
|
Cost of Commissions |
|
|
|
| |
|
|
|
|
|
Instantaneous Order Execution |
|
|
|
| |
|
|
|
|
|
The Market Maker Window |
|
|
|
| |
|
|
|
|
|
Interpreting Nasdaq Level II Information |
|
|
|
| |
|
|
|
|
|
Remote Trading |
|
|
|
| |
|
|
|
|
|
Trading on the Internet |
|
|
|
| |
|
|
|
|
|
On-line and E-mail-type Trading |
|
|
|
| |
|
|
|
|
|
DAET Represents the Future of Trading |
|
|
|
| |
|
|
|
|
|
Execution Risk |
|
|
|
| |
|
|
|
|
|
No One Trades Without a Perceived Edge |
|
|
|
| |
|
|
|
|
|
The Ticker |
|
|
|
| |
|
|
|
|
|
The Regulatory Future Is Bright |
|
|
|
| |
|
|
|
|
|
Firm Quote Rule Order Size |
|
|
|
| |
|
|
|
|
|
New Order Handling Rules Help Traders |
|
|
|
| |
|
|
|
|
|
Beating the Spread |
|
|
|
| |
|
|
|
|
|
Many Market-Maker Advantages Have Been Eliminated |
|
|
|
| |
|
|
|
|
|
Advantages of DAET |
|
|
|
| |