Given that E-Trade's Power Pro offers semi-sophisticated investors the ability to hide both their order and the true size of their order, do you consider Level 2 even useful any more? I don't find that it even remotely reflects the true supply/demand for a stock.
>I predict they will end up offering Power Pro unconditionally to all accounts or all accounts that meet a net-asset threshold.<
Hopefully the latter. I'd hate to see grandpa or junior try to enter a complex trade with Power Pro. The low-float, low-volume stocks many of us buy trade irrationally enough as it is.
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