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Re: larrybaz post# 3270

Wednesday, 02/02/2005 11:12:30 PM

Wednesday, February 02, 2005 11:12:30 PM

Post# of 173778
Nite...

On several occasions while handling orders in my inactive bank stocks Nite has either backed away from bids or increased offers while receiving order flow from my broker.... When NITE was caught my broker was forced to make the trade good and I became known to the inhouse person who had the responsibility of disputes with broker order flows... As disputes increase in down or stalled markets the communications over orderflow will became more forcefull and threats are made... Too many threats of loss of order flow,,, rules change... Also Elliott Spitzer made his presence known in the charge of front running... Order flow is cash... It's loss cannot be over come by screwing the investor... Each of us when screwed by an order should have the order timed against the bid or ask at that specific trade and if it is off make the broker eat the trade... Nite was forced to place orderflow above position trading and give the investor preference on the bid book...


Please post stock symbols first in all your posts. If it's a foreign stock, please also list the US pk equivalent symbol...

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