Index

Aggressive Cross Finder

All-Tech

ARCA. See Archipelago ECN–NYSE ARCA (P)

Archipelago ECN–NYSE ARCA (P)

auction strategies and

trading for rebates and

Archipelago Securities Exchange

Asset values, market price and

Attain ECN

Auction strategies

AX-Finder

Back-testing

Bank of America

BATS Trading

rebates and

BATS Trading Dual Exchanges–BZX (Z) and BYX (Y)

Bids, in double auction markets

Black Swan risk

Boston Stock Exchange. See NASDAQ OMX BX (NQBX) (formerly Boston Stock Exchange)

Breaking a level concept

Buffalo, NY

Bull and bear markets, trading in both

BYX. See BATS Trading Dual Exchanges–BZX (Z) and BYX (Y)

BZX. See BATS Trading Dual Exchanges–BZX (Z) and BYX (Y)

Canada-New York border crossings

CBOE Stock Exchange (CBSX)

Charts. See Technical analysis, discouraged for trainees

Citigroup

Coca-Cola

Color of tape text

Commissions, for new traders

Company culture

Company reputation, within industry

Competitive environment, at trading firms

Consolidated Tape Association

Consolidated Tape System

Crash of 2008, trading and volatility of currency markets

Credit Suisse Cross Finder (X-Finder)

Cross Finder

CSC exam (Canadian Securities Course)

“CTNY”:

training at

volatility in fall of 2008 and

Culture of company, employer choice and

Currency markets, crash of 2008 and volatility of

Currency trading

ForEx market hours

Dark pools

Credit Suisse Cross Finder (X-Finder)

double auction markets and

GETCO Execution Services ATS

Goldman Sachs SIGMA X

Knight Capital Group

Level 2 quotes and

Level ATS

liquidity and

NYFix Millennium Alternative Trading System

order matching systems and

psychology of trading and

results of attempt to exploit system weakness

Direct Edge AROUC strategy

Direct Edge Dual Exchanges–EDGA (J) and EDGX (K)

rebates and fees and

Dodd Frank Act (2010)

Double auction markets

dark pools and

limit and market order differences

liquidity and spreads

liquidity providers and takers in

time-price priority and

two sides of

eBX LLC

ECN (electronic communications network). See also Rebates and fees, liquidity and

EDGA (J)

Edges

flexibility and

hard

micro-term market action and fees and rebates

scalping basics

soft

transient

EDGX (K)

Electronic communications network (ECN). See also Rebates and fees, liquidity and

English Auction

Equinix NY4 data center

Fees. See Rebates and fees, liquidity and

Foreign exchange

market hours

Futures contracts, trading of

General Electric

scalping of

GETCO Execution Services ATS

Goldman Sachs SIGMA X

Hard edge

compared to soft edge

defined

regulatory compliance and

Hedging, rebates and

Hidden orders. See Dark pools

High Frequency Trading (HFT)

Highs and lows, value of recording of hourly

High volume scalping

defined

evolution of techniques

Holy grail strategy, elusiveness of

Houtkin, Harry

Iceberg order

INET

Instinet ECN

International Stock Exchange (ISE)

Intraday M&A scalping

Inverted pricing schemes

IOC (immediate or cancel) orders

Island ECN

Island-NASDAQ Main ECN (Q)

Knight Capital Group

Knight COVERT

Knight FAN (NITEFAN)

Knight Match ATS

Layered position sizing

Letter codes, reading the tape and

Level 1 quotes

Level 2 quotes:

dark pools and

in double auction market

pricing and

reading the tape and

in scalping example

Level ATS

Limit orders

defined

differ from market orders

Liquidity. See also Dark pools; Rebates and fees, liquidity and

adding and removing of

providers and takers, in double auction markets

in scalping examples

spread and

Live trading, early weeks of

psychology and

risk management at Swift and

scalping General Electric

technical analysis and

Losses, preventing excess

M&A scalping, intraday

Maker-taker pricing model

Market buy orders

Market centers

Market makers

surrogate market making

Market orders

differ from limit orders

Market price, true value of asset and

Microsoft Excel

Micro-term market action

Millennium Alternative Trading System

Money management, personal

NASDAQ (NSDQ)

rebates and fees and

time-in-force orders and

trading for rebates and

NASDAQ-100 Index E-Mini futures (NQ)

NASDAQ OMX BX (NQBX) (formerly Boston Stock Exchange)

NASDAQ OMX PSX (NQPX) (formerly Philadelphia Stock Exchange)

National best bid and offer (NBBO)

in double auction market

fees and rebates of

trade-through rule and

National Market System, trade-through rule of

New York City

Non-bank prop firms

NQBX. See NASDAQ OMX BX (NQBX) (formerly Boston Stock Exchange)

NQPX. See NASDAQ OMX PSX (NQPX) (formerly Philadelphia Stock Exchange)

NYFix Millennium Alternative Trading System

NYSE

as remaining trading floor with human specialists

NYSE ARCA. See Archipelago ECN–NYSE ARCA (P)

Offers, in double auction markets

Overconfidence, avoiding of

Overnight positions:

pair trading and

rule against holding

P. See Archipelago ECN–NYSE ARCA (P)

Pacific Stock Exchange

“Painting the tape,”

Pair trades:

rebates and

variations

Pepsi

“Personality” of stocks

Personal life, psychology and trading

Pfizer (PFE)

Philadelphia Stock Exchange. See NASDAQ OMX PSX (NQPX) (formerly Philadelphia Stock Exchange)

Platforms and order routing:

Archipelago ECN–NYSE ARCA (P)

CBOE Stock Exchange (CBSX)

codes and

Direct Edge Dual Exchanges–EDGA (J) and EDGX (K)

fees and pricing

Island-NASDAQ Main ECN (Q)

NASDAQ OMX BX (NQBX) (formerly Boston Stock Exchange)

NASDAQ OMX PSX (NQPX) (formerly Philadelphia Stock Exchange)

routing destinations, rebates and fees and

routing strategies

Poker games, as trading preparation

Position sizing, layered

Price-size priority order matching

Price-time priority order matching

Profits:

profit split percentage, for new traders

psychology and

Proprietary trading:

advantages of

defined

Psychology of trading

common problems

development as trader and

new trading strategies and

optimizing trading strategies and

personal life parallels

reasons for becoming trader

self-assessment and

Q. See Island-NASDAQ Main ECN (Q)

Qualification requirements, for new traders

Reading the tape

application of strategy

decoding information contained in

Level 2 quotes

“painting the tape,”

profits and

sacrificial trading

in scalping example

spoofing and

Time & Sales

Reality of market, Time & Sales window and

Rebates and fees, liquidity and

structure of

trading for rebates

Regulations:

hard edges and

one penny spread and

Reg NMS

Reminiscences of a Stock Operator

Reputation of company, employer choice and

Resting orders

Risk, managing of

at Swift

Risk deposits, for new traders

Routing destinations See Platforms and order routing

S&P 500 Index E-Mini contract (ES)

S&P 500 index futures, scalping General Electric and

Sacrificial trading

Scalping, basic methods of

Series 7 FINRA exam

SmartBlock orders

Soft edge

Software:

software fees for new traders

used at “CTNY,”

used at Swift

Spreads:

liquidity and

one penny required

Statistical relationships, transient edges and

Statistical research, strategy diversification and

Sterling Trader Pro software

Stop loss

Strategy diversification, explored in “CTNY” training

Surrogate market making

Swift Trade Securities

interviews at

NYFix and

poaching of traders from

profit split percentage

risk management at

training at

Swift Trade Securities' Prosper Pro software platform

Technical analysis, discouraged for trainees

Time & Sales:

hidden orders and

reading the tape and

scalping General Electric and

tape's basic premise and

window described

Time-in-force orders, auction strategies and

Time-price priority. See Price-time priority order matching

Time Warner (TWX)

Toronto Stock Exchange (TSX)

Traders:

characteristics of

odds of success of

psychology of becoming

Trade size:

psychology and

reading the tape and

Trade-through rule in Regulation NMS (National Market System)

Trading firms, choosing of

commissions

company culture and

company reputation within industry

competitive environment at

profit split percentage

qualification requirements

risk deposits for new traders

software fees and

Trading floor, described

Trading strategies, building blocks of

always seeking new

auction strategies

intraday M&A scalping

layered position sizing

pair trading variations

reading the tape

surrogate market making

volatility of currency markets in summer of 2008

Trailing stop loss

Training. See also Live trading, early weeks of

at “CTNY,”

new trading strategies and

at Swift

Transient edges

Video games, as trading preparation

Volatility, currency markets and crash of 2008

X-Finder