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Re: chklingon post# 15149

Thursday, 04/04/2013 3:36:08 PM

Thursday, April 04, 2013 3:36:08 PM

Post# of 29204
l have been watching ll2 much of the day..

We all enjoy watching Capstone on Level 2..

Here is a short article originally published in the December 2012 issue of Technical Analysis of Stocks & Commodities magazine commenting on level 2..

.."Going way back to the 1990s, the NASDAQ market makers were the only ones who had access to what is called Level 2 or depth of book quotations. In the 2000s, everyone was given access, and the games that were/are played now came into being.

Putting in false bid or offers to bolster what direction
we would like to see the stock move is illegal and should not be done.

The addition of the National Market System (NMS) in 2007, where all orders must be routed to the best possible marketplace, made the depth of book even more meaningless. Add to this the unseen “dark pools” of liquidity and subpenny pricing — and well, you get the idea. Don’t waste money on any of these “special services.”


http://traders.com/index.php/sac-magazine/current-contents/q-a-a/aspects-of-trading/1841-on-wasting-your-money
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