Program Trading Firms and NASDAQ Market Makers

Program Trading averages more than 60% of the volume every day and on some days is a lot more. If you are trading stocks and index futures, it is now mandatory for you to know program trading, fair value, premium, and the execution of buy and sell programs. You must know exactly who is doing the program trading, exactly what time they are doing it, and with which stocks.

In order to help you learn more about that, we've listed the top program trading firms below. We've also included their four letter Market Maker Symbol for making markets on Level III on the NASDAQ system. Please do not confuse a Market Maker Symbol with a corporation's stock quotation symbol. For example, the stock quotation symbol SUSQ is for Susquehanna Bancshares, Inc. and they are not market makers or program traders.

If you are trading stocks on NASDAQ Level II you need to know which NASDAQ market makers you should be watching very closely. Especially when you see the premium move a lot. We pay special attention to the NASDAQ market makers in red. If you would like to know why, then contact us and we will answer you promptly.

GSCO	Goldman Sachs & Co.	MLCO	Merrill Lynch
FBCO	Credit Suisse Securities, LLC	BOFA	Banc of America Securities
MSCO	Morgan Stanley & Co. Inc.	DBAB	Deutsche Bank Securities, Inc.
BCAP	Barclays Capital, Inc.	SBSH	Citigroup Global Markets, Inc.
SGAS	SG Americas Securities, LLC	WFGO	Wells Fargo Securities
UBSS	UBS Securities, LLC	JPMS	JP Morgan Securities, LLC
NMRA	Nomura Securities, Inc.	RBCD	RBC Capital Markets, LLC
CCMC	Commerzbank Capital, Inc.	CIBC	CIBC World Markets Corp.
LIME	Latour Trading, LLC	LYON	Calyon Securities, Inc.
WEDB	Wedbush Morgan Securities	BNPS	BNP Paribas Securities Corp.
MLEN	Millenco, LLC	BNYC	BNY Convergex Execution
ABNA	ABN AMRO Clearing Chicago	WEED	Weeden & Company
WGTC	WG Trading	SUSQ	SIG Brokerage LP
PRUG	Prudential Securities	PFSI	Penson Financial Services, Inc.
MLSI	Schon EX LLC	BERN	Sanford C. Bernstein & Co., LLC
TWPL	Thomas Weisel Partners	IBKR	Interactive Brokers
OCON	O'Conner & Company	GUZM	Guzman & Company
INNT	Intrade, LLC	BELB	Electronic Brokerage, LLC
JEFF	Jefferies Execution Services	INCA	Instinet, LLC

Now you know who is doing all of this program trading. But in order to find out at exactly what time they are doing it, you will have to do a lot of work. For most traders, it is a lot easier to just buy our Program Trading Research. And if you want to know which stocks that they have been using lately, you will have to have a ton of computer equipment and software and good super fast data feeds and do a lot of research and study. If you would like to know how we do it, then use the contact us link below and we will call you with the URL's for some additional private links about that. If you would like to know which stocks they have been using lately, contact us and we will call you with the URL's for one of our Program Trading Stock Reports.

Additional information on stocks bought or sold every day is available in our Program Trading Weekly Report. Our Weekly Report is free but you must subscribe for your username and password to log in to the report. Please contact us and tell us you would like to subscribe.


	Program Trading Research^®