by greatpoint | Feb 2, 2018 | Proprietary Trading
The DOW Jones Industrial Average started with a dozen listed stocks back in 1896, and now lists 30 American conglomerates with only one original company, General Electric, still participating. The addition of Apple to the DJIA in 2015 shows that it is no longer a listing of just “industrial” companies. The DOW took 77 years to achieve the first 1,000-point mark, and in 2017 alone it’s achieved that five times over, ending the year near 25,000. (more…)
by greatpoint | Nov 3, 2017 | Proprietary Trading
There are many advantages to trading stocks versus futures, with some of the best trading opportunities found in newly created IPOs. One advantage of trading stocks is the sheer number of products available with thousands of individual stocks to choose from, compared to a handful of indexes on futures markets. Even on days when the overall market is quiet, many individual stocks have an actionable trading range due to company or sector news. (more…)
by greatpoint | Oct 9, 2017 | Proprietary Trading
A new bill was just introduced by Representative Loudermilk (R-GA), which would amend the Securities and Exchange Act of 1934 to basically reduce or eliminate regulation overreach into business models of exchanges that do not involve either reporting or effecting a transaction on the exchange. As Representative Loudermilk put it in the following statement when introducing the bill, “Regulatory agencies have a tendency to expand their reach into areas they should not be regulating and engage in mission creep, which can stifle innovation.” (more…)
by greatpoint | May 2, 2017 | Proprietary Trading
A day trading guide on stock order types is a dynamic volume, as new order types are continuously proposed, revoked or falsely justified. As Nasdaq continues to develop, propose, then either revoke or justify new stock order types that continually benefit the select few, let’s review some of these recent order proposals and how they impact investors.
Nasdaq’s Proposal of the Extended Life Priority Order
Nasdaq proposed in November of 2016 a new order type they call the Extended Life Priority Order (ELO). This was shortly after the SEC gave approval for IEX to become the 13th US Stock Exchange. The ELO order type has been incorrectly compared to utilizing a time delay similar to IEX’s “speed bump”. (more…)
by greatpoint | Apr 12, 2017 | Proprietary Trading
How Rising Costs of Stock Exchange Data Fees Affect Online Equity Trading
There is a lot of talk about the data access fees that the various stock exchanges are imposing upon brokers, traders and online equity trading firms, and for very good reason. All US Stock Exchanges, including the two largest in the world, the New York Stock Exchange (NYSE) and Nasdaq, provide market data through the Securities Information Processor (SIP), as is required by the Securities Exchange Act, for consolidation of displaying current pricing and securities activity. (more…)
