Having topped the marketmakers' bid, Milman got first in line to execute an order at market.
Milman guessed right, and the stock was taken off his hands in just 12 seconds.
Freelancers like Serge Milman require nothing more than a quick brain and some money.
People like Milman became what the establishment sneered at as SOES bandits, blaming them for unnecessary volatility.
Using software that links him directly to Nasdaq marketmakers and a private trading system called Island, Milman checked further.
In the past Milman's bid would not have appeared on the Nasdaq screens because official Nasdaq marketmakers posted bids at their discretion.
In the past Milman's bid might not have appeared on the Nasdaq screens, because official Nasdaq marketmakers posted bids at their discretion.
Sitting next to Serge Milman in Broadway's trading room is Steven Girden, 36, a former o-t-c marketmaker at Bear, Stearns' risk arbitrage desk.
Milman makes about 150 trades each day, mostly in lots of 1, 000 shares or fewer, and rarely holds a stock more than ten minutes.
The historian Robert Darnton compares the oral tale tellers to the Yugoslavian bards studied in the twentieth century by Albert Lord and Milman Parry, in the effort to understand how the Homeric epics were composed.
应用推荐