Commentary

Mina Down
Traders Magazine Online News

Top 10 Altcoins for 2019

In this shared article author Mina Downs gives her projections as to what will be the top "altcoins" in 2019.

Traders Poll

As the SEC Tick Pilot is soon to expire, in your opinion, was it a solid fact finding mission or folly?



Free Site Registration

December 1, 2001

Two-Dollar Brokers Get a Break

By Gregory Bresiger

Two-dollar brokers may have just received a reprieve. In fact, these specialized brokers

are finding a new niche because Wall Street today operates under a decimal system that places a greater premium on the quality of order execution.

The turnaround for these brokers has come because of a shift in trading patterns by institutional buyside traders.

Thought to be no longer needed by some, buyside traders are now increasingly saying that they're using two-dollars brokers to execute their trades. These brokers are much more likely to protect the interests of buyside traders, protecting them from having their orders losing out to those who penny jump ahead. Decimal increments means it costs only a penny a share for a specialist to jump ahead of a large limit order, pros note. The priority now, for many institutional traders, is to ensure that the trade is executed, several traders said. The best person to do that, they added, is usually a two-dollar broker.