< previous page page_xiv next page >

Page xiv
(ECNs). As a result, individuals can now trade for their own accounts as a mainstream endeavor.
This book provides my overview of the way major trading markets have been operating after the revolution and what it means for you. Furthermore, I will discuss the art of trading and impart insightful trading advice and tips, which put you in control of the way in which your orders will interact in the market. I will also expose in layman's terms those secrets that your broker never tells you or may not even be aware of. I will show how markets will operate in the future, after reviewing the lessons learned from the past.
Secrets of the SOES Bandit will reveal market practices previously undisclosed by an industry that has preferred dealing with an ''informationless" public unaware of the "professional courtesies" and customs and practices etched in the interdealer behavior code. For example, until recently even the NYSE ticker tape seen on national business TV was delayed arbitrarily for 15 minutes. As of this writing, Nasdaq continues to delay the dissemination of its trading quotes for no ethical or explainable reason. If a plane crashed in your front yard, would you wait 15 minutes to disclose the news?
Hundreds of millions of dollars are being paid currently by leading brokerage firms as restitution for unethical trading practices involving price fixing and collusion to defraud the public. The manner in which the brokerage community has treated the public for years is rapidly coming to an end because of significant changes in the regulatory environment and a shift in public perception concerning rights of investors.
Many people are reluctant to accept change because they have become comfortable with the status quo. But those who can embrace change and turn it to their advantage will prove to be the most successful. They will reap the benefit of getting in early and prospering before the change becomes public domain.
By exploring this book in detail you can come away with enough knowledge to evaluate Direct Access Electronic Trading and decide whether this opportunity is appropriate

 
< previous page page_xiv next page >

If you like this book, buy it!