The troublemakers who cause NASDAQ volatility

SOES bandits are traders of Nasdaq stocks who get their name from the Small Order Execution System they trade on. Most so-called SOES bandits work for one of a half dozen SOES-specializing firms. These firms, organized specifically to take advantage of the moneymaking possibilities inherent in the SOES system, do nothing but buy and sell in lots that never exceed 1,000 shares, the maximum allowed on SOES. >>> Read the full article @ Fortune

Advertisements