I recently went to my doctor to get a check of my heart.  We did a few examines including a stress test.  The doctor hooked me up to a bunch of electrodes and had me get on the treadmill.  Once I reached my target heart rate, he stopped the test.  I believe that based on my age , my target heart rate was 170 beats per minute.  After I finished all my tests, I sat down with my doctor to go over the results.  Thankfully, things look good for me.  I wish I could say the same for the US banking (more…)

The SEC has weighed in questioning the legality of these orders (http://www.tradersmagazine.com/news/-103830-1.html), yet Nasdaq and our self regulating market centers continue to implement them. What are these order types? Imagine you are a mutual fund who wants to enter an order to buy 500,000 shares of JNPR at 24.30 (only showing 500 shares of it to the world, mind you). 10,000 shares are OFFERED there in ARCA, and your intention is to take whatever is offered (you assume at least the 10,000 shares) and bid for your 490,000 share balance, again showing 500 shares only. Now imagine you enter the (more…)


May, 2009