Program Trading Firms
Each week, program trading
averages more than 50% of all of the trading done on the stock market.
That is more than one share out of every two shares of stock, that is done by
computer assisted trading programs. So, if you are day trading and online
trading stocks or futures, it is now mandatory for you to start learning a lot
more about program trading, index arbitrage, fair value, the
premium, and the execution of buy and sell programs.
And it is also a good idea for you to learn just exactly who is doing all of
this program trading on the NYSE and NASDAQ stock market, at exactly what time
they are doing it, and with which
stocks.
In order to help you learn more,
we've listed some of the top program trading firms below. We've also
included their four letter Market Maker Symbol
for making markets on the NASDAQ system. Please do not confuse a Market
Maker Symbol with a corporation's stock quotation symbol. For example, the
stock symbol SUSQ is for Susquehanna Bancshares, Inc. and they are not Market
Makers or program traders.
If you are online 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 PREM
move a lot. We pay special attention to the NASDAQ market makers
in red. If you would like to know why, then send
us some email and we will answer you promptly.
|
GSCO
|
Goldman
Sachs & Co.
|
MLCO
|
Merrill
Lynch
|
|
FBCO
|
Credit
Suisse Securities.
|
BOFA |
Banc of
America Securities
|
|
MSCO
|
Morgan Stanley & Co.
Inc.
|
DBAB
|
Deutsche Bank Securities
|
|
WEBD
|
Wedbush
Morgan Securities
|
SBSH
|
Citigroup
Global Markets
|
|
BCAP
|
Barclays
Capital, Inc.
|
WFGO
|
Wells
Fargo Securities
|
|
JPMS
|
JP Morgan
Securities, Inc.
|
RBCD
|
RBC Capital Markets Corp.
|
|
UBSS
|
UBS Securities, LLC
|
CIBC
|
CIBC World Markets Corp.
|
|
SGAS
|
SG Americas Securities
|
PFSI
|
Penson Financial Services
|
|
NMRA
|
Nomura Securities, Inc.
|
BNPS
|
BNP Paribas Brokerage
|
|
MLSI
|
Schon EX LLC
|
LYON
|
Calyon Securities, Inc.
|
|
SUSQ
|
SIG Brokerage LP
|
BNYC
|
BNY Convergex Execution
|
|
TWPL
|
Thomas Weisel Partners
|
WEED
|
Weeden & Company
|
|
ABNA
|
ABN AMRO Securities
|
IBKR
|
Interactive Brokers
|
|
WGTC
|
WG Trading
|
PRUG
|
Prudential Securities
|
|
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. In order to find out at exactly what time they are
doing it, you will have to do a lot of research. For most traders, it is a
lot easier to just buy our research.
And if you want to know which
stocks that they are using, you will have to have a ton of computer equipment
and software, good data feeds, and do a lot of research and study. If you
would like to know how we do it, then click here. If
you would like to know what stocks they have been using lately, send
us some email with your name and phone number and we will call you with
the URL for one of our Program
Trading Stock Reports.
Additional information about
program trading and index arbitrage, program trading firms, and who else is day
trading and online trading stocks on the NYSE stock market and on
NASDAQ
Level II or stock index futures is available by attending one of our
Program
Trading Seminars.