Data as of February 17, 2016 Historical record · 2011–2016

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PreMarketInfo

Premarket Trading Information · Premarket Stock Talk with Dennis Dick and Joel Elconin

S&P E-MINI1350.00−7.50close · May 11, 2012
AAPL566.71−3.81close · May 11, 2012
JPM37.60–38−$3.30premarket · May 11, 2012

Trading Education

Dark Secrets: Where Does Your Retail Order Go?

By Dennis Dick · February 23, 2012

Back when I started trading in 1999, the majority of trades took place on the exchanges themselves. But now, believe it or not, many retail orders never see the public exchanges. If these orders aren’t sent to the public exchanges, where do they go?

Many of these retail orders are internalized: the opposite party to your executed order was your broker/dealer themselves. Other times your broker ships your order to an over-the-counter market maker, which pays your broker a fee for the privilege of trading against it — known in the industry as “payment for order flow”.

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Premarket Movers May 11, 2012

As published in the May 11, 2012 Premarket Movers entry
StockMovementReasonDesk comments
JPMDown $3.30$2 billion trading loss.Question risk control of bank, and possibly other banks. Entire sector under pressure this morning. Consolidating between 37.60 and 38 in premarket trade.
CDown 1 pointJPM trading loss.Key swing number may be 30.
GSDown 3 pointsJPM trading loss.Huge psychological support at 100.
BACDown 22 centsJPM trading loss.Had found good support at 7.65; that area may now serve as resistance.
JWNDown 2 pointsEarnings last night.50 area may provide key psychological support.
NVDAUp 1 pointEarnings.Getting a nice lift off the earnings report; traded as high as 13.63 in premarket. 14 area may provide resistance.
DDSUp 1 pointEarnings last night.Traded to a new 52-week high last night; the old 52-week high of 67.22 may now provide support.

Source: May 11 Premarket Movers.

Market Structure Analysis

OTC Market Maker Steals 9 Points from Retail Investor

November 30, 2011 · Dennis Dick · Trading Education

A new ETN started trading today, the ETRACS Fisher-Gartman Risk-On ETN under ticker symbol ONN. New issues often lack liquidity as few market making participants jump in to make markets…

Can HFT players see your order BEFORE you send it?

June 26, 2012 · Dennis Dick · Articles

I have suspected this for quite some time. I believe that there are HFT players that are buying order queue information from brokerage houses. I know this sounds pretty extreme, and maybe…

Exploring the Hidden Costs of Retail Price Improvement

July 23, 2012 · Dennis Dick · Articles

In light of the NYSE’s new retail liquidity program, I decided to republish a piece I wrote last year. This piece is now more applicable than ever. The piece was originally published on…

Algos Gone Wild

August 1, 2012 · Dennis Dick · High Frequency Trading

A rogue algorithm wreaked havoc on more than 100 stocks today. It appears the algo was executing a continuous auto-buy on some issues like WFC, VZ, RSH, and BBY. It appears it was executing…

HFT Quote Spam caused by Endless Algo Loop

February 6, 2013 · Dennis Dick · High Frequency Trading

Two HFT algorithms battled it out for 12 minutes today in preferred stock FNFG.PRB. Both of these algorithms wanted to be the best bid. One algo bids $29.45, the other penny jumps and bids…

Learning from the Icahn Bubble

December 27, 2013 · Joel Elconin · Articles

With the broad market making new all time highs, almost on a daily basis, one issue far from its all time high is Icahn Enterprises LP (NASDAQ: IEP). Since catapulting to 149.77 on December…

All entries in the Articles ledger

About the Data & Archives

Every figure on this desk is reproduced from the site’s own dated 2011–2016 entries; nothing is live and nothing has been re-estimated. Charts discussed on the show were provided by Neovest.com. The Premarket Stock Talk morning show moved to Benzinga in February 2016, where the hosts continued as PreMarket Prep.

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