RE: [ProgSoc] 17" LCD displays?

[Glenn <dubz@nospam.progsoc.org>]

> Ahhh!! Option Derivatives Market Maker... any tips for a 
> beginner??? :)

1. Work hard.
2. Be good to your mother.

I couldn't tell you which stocks are gonna go up and which stocks are
gonna go down .. fucked if I know .. and fucked if I care =)

Actually I do have a tip: Don't let any broker talk you into buying
warrants - either he's stupid, or he's trying to fist you in the ass.
Warrants = shit; options = good.

What sort of tips were you expecting? 

> Do they use particular software, 

Yeah it's pretty specialised software. Some use Orc
(http://www.orcsoftware.com/), some use RTS (http://www.rtsgroup.net/),
some have written proprietary systems. I think most market makers in oz
use Orc.

> and how much does the pipe to the ASX cost (approx)??

No idea. Few grand a month maybe? Ask the ASX .. 

> Or is it all based on manual trading strategies rather than automated
ones?

A little from column A, a little from column B. Mostly column A tho -
it's more fun. Trading would be kinda boring if you were just sitting
there watching the computer hit trades.

   gleNN


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