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Regulation NMS 242.600


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Regulation NMS 242.600

  #1 (permalink)
 Stan Dan 
Zug / Switzerland
 
Posts: 67 since Sep 2013

Hi

I am a bit confused with this regulation. Did any body of you find out what this is in detail is or did any body of you have any problem with your broker by asking for information about his routing orders?

Stan Dan


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 Big Mike 
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Mike

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  #4 (permalink)
 Stan Dan 
Zug / Switzerland
 
Posts: 67 since Sep 2013


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Attached (PDF)

Mike

Thanks Sir

In the mean time I found this:

FINRA Rule 5310 Supplementary Material .08: Customer Instructions Regarding the Routing of Orders

Will further search on this and of course have a look in your little 500 page PDF.

Stan Dan

Edit: About your PM: Yes, I am not an Elite Member. Those this mean that certain subject not can be discussed by normal members?

  #5 (permalink)
 Stan Dan 
Zug / Switzerland
 
Posts: 67 since Sep 2013

How to stop HFT as it may is not needed?

Here some ideas which should work:

- Tax on any done transaction.
- 0.01% tax on the whole volume traded.
- To even slow it down: 0.1 to 1.0 % tax
- Expand cycle times to one minute
- Order books must be seen on line and over the web in real time, accessible to any body

Stan Dan

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 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
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Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


Stan Dan View Post
Those this mean that certain subject not can be discussed by normal members?

If you aren't an Elite Member, you don't have access to Elite threads. We do not allow duplicate threads on same topics on the site. The creator of the thread decides if it is Elite or not.

Mike

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