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Topic: Who is NITE?

hedfe
Member

Rate Member

posted

I put a limit order in at .165 for 5k for wwei and right when I put it in NITE showed up at .165 on the bid side of the L2, then when I cancelled my order NITE went away to a lower number. Isn't nite a different person than me or am I wrong?

Posts: 550 | From: MI | Registered: Nov 2005 | IP: Logged |

PCola77
Member

Member Rated:

posted

NITE is a market maker. I can't recall offhand who all uses them, but I know Choicetrade does at times. You can play with L2s this way, be it with NITE or another MM. It just means that's who your order was routed through.

Posts: 5508 | From: Southeastern PA | Registered: Jan 2006 | IP: Logged |

Lockman
Member

Member Rated:

posted

When looking at L2's which are the deluters?

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Let's Go METS!!!

Posts: 3317 | From: CT | Registered: Dec 2006 | IP: Logged |

tupac
Member

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posted

Nite likes to hold them down.

Posts: 125 | From: Indiana | Registered: Apr 2005 | IP: Logged |

The Green Demon
Member

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posted

agreed...nite will punish you and when you have lost all hope and sell the stock will run

Posts: 1104 | Registered: Dec 2005 | IP: Logged |

renrob05
Member

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posted

quote:
Originally posted by Lockman:
When looking at L2's which are the deluters?

Any one of those MMs will dilute but the main one that dilutes 95% of the time is RBCM. This MM use to be CLYP.

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Renee
Easy money!

Posts: 1568 | Registered: Mar 2005 | IP: Logged |

mrcyberbill
Member

Member Rated:

posted

Look at:

www.nasdaqtrader.com/dynamic/SymDir/mrktsym.txt

For who all the players are..

- Bill

Posts: 18 | From: Orlando, Fl | Registered: Apr 2004 | IP: Logged |

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