Tuesday, April 24, 2007
Monday, April 23, 2007
I SHOULD SAY...THANK YOU FOR YOUR MESSAGE. I'LL JUST SAY...NOTHING
Every man is his own chief enemy.
Humor is laughing at what you haven't got when you ought to have it.
I think you can leave the arts, superior or inferior, to the conscience of mankind.
WARNING: Humor may be hazardous to your illness.
The difference between utility and utility plus beauty is the difference between telephone wires and the spider web.
You're only has good as your last haircut.
Human life is driven forward by its dim apprehension of notions too general for its existing language.
Sentimental irony is a dog that bays at the moon while pissing on graves.
The mere brute pleasure of reading --the sort of pleasure a cow must have in grazing.
Take control of your consistent emotions and begin to consciously and deliberately reshape your daily experience of life.
The great person is ahead of their time, the smart make something out of it, and the blockhead, sets themselves against it.
The pursuit of happiness is a most ridiculous phrase if you pursue happiness you'll never find it. His scorn of the great is repeated too often to be real no man thinks much of that which he despises.
Sunday, April 22, 2007
SO FAR.....
CLOSE TO NASDAQ, FASTER THE (SELLING) ORDER.
HOST SERVER NEEDS RECOGNITION BBDO
BEST PRICES ARE CHECKED OUT BY THE SYSTEM, ON 100 SECOND MESSAGES (OR PLUS) REVIEW.
"FOK" MEANS, FILL OR KILL ;))
HOST SERVER NEEDS RECOGNITION BBDO
BEST PRICES ARE CHECKED OUT BY THE SYSTEM, ON 100 SECOND MESSAGES (OR PLUS) REVIEW.
"FOK" MEANS, FILL OR KILL ;))
ELECTRONIC ACESS MEMBERS, VALIDATION
....FIRST.
AND DOUBLE ISSUE....
PAGE 71
Both market makers and EAMs can use ISE-supplied terminals to send quotes and orders
to the ISE, or they can design their own systems to connect through our API. In either
case, both market makers and EAMs can connect to our system though the use of one or
more T-1 communication lines.NOTE 59 Thus, the Amex’s unsupported "understanding" that
our system will handle 40 to 60 messages per second for market makers, but only two
messages per second for EAMs, is incorrect. Because we will have multiple market
makers independently quoting, and because those market makers need to update multiple
series of an options class upon a change in the underlying security, capacity needs are far
greater for market makers than for customers placing or canceling individual orders.
Accordingly, market makers may communicate quotation changes in multiple series
within a single message. However, the speed at which market maker quotations and
customer orders are communicated to the ISE is the same. This is in contrast to the floorbased
options exchanges, where there is an inherent time advantage for market makers,
since quotations are updated on the floors immediately, while customer orders must be
communicated to the exchanges.
B. ISE Trading System Overview
AND DOUBLE ISSUE....
PAGE 71
Both market makers and EAMs can use ISE-supplied terminals to send quotes and orders
to the ISE, or they can design their own systems to connect through our API. In either
case, both market makers and EAMs can connect to our system though the use of one or
more T-1 communication lines.NOTE 59 Thus, the Amex’s unsupported "understanding" that
our system will handle 40 to 60 messages per second for market makers, but only two
messages per second for EAMs, is incorrect. Because we will have multiple market
makers independently quoting, and because those market makers need to update multiple
series of an options class upon a change in the underlying security, capacity needs are far
greater for market makers than for customers placing or canceling individual orders.
Accordingly, market makers may communicate quotation changes in multiple series
within a single message. However, the speed at which market maker quotations and
customer orders are communicated to the ISE is the same. This is in contrast to the floorbased
options exchanges, where there is an inherent time advantage for market makers,
since quotations are updated on the floors immediately, while customer orders must be
communicated to the exchanges.
B. ISE Trading System Overview
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