Problems with ISEG ECN ??????

[captnemoo]

Anyone else having problems with these folks showing up on their stock and sitting bid and ask at the same time, and drive your investment into the ground???? I called them today and he was very secretive and belligerent and commenced to slam the phone down on me, saying, " I should not even be talking to you". Unreal this is allowed. They will kill any kind of upward movement of every stock I own and was watching today!! If others are concerned with this manipulation of our markets write the SEC, A lot of folks already have as i just did. Call them and see what you can shake out of their tree LOL

ISEG direct number: 1800-518-7654. ISEG Address: International Securities Exchange, 60 Broad Street, New York, NY 10004 Website: http://www.ise.com/webform/homeDefault.aspx This is their own website on manipulation: International Securities Exchange, LLC. :: Education :: FAQs :: Strategies

And also, ever wonder where all the stock for sale at ask keeps coming from? when we see 1000 at ask, and it reloads many times !!! Dark pool they call it. WOW this is allowed???

The ISE Stock Exchange, a wholly owned subsidiary of Direct Edge, is the only dual structure platform that integrates a dark pool with a fully displayed stock market. On one platform, traders have the best of both worlds – complete order protection and continuous price improvement.


International Securities Exchange, LLC. :: Stock Exchange

SEC contact info
SEC headquarters = 202-942-8088
SEC fax = 703-813-6965
enforcement@sec.gov
certified@sec.gov
help@sec.gov

CHAIRMANOFFICE@sec.gov ( Mary Shapiro's office )

1-800-SEC-0330

[captnemoo]

ISE ex-vice chair gets 18 months in conspiracy
Mon Dec 15, 2008 7:39pm EST Email | Print | Share| Reprints | Single Page[-] Text [+]

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LOS ANGELES, Dec 15 (Reuters) - A former vice chairman of the International Securities Exchange was sentenced on Monday to 18 months in prison for his role in an alleged conspiracy to leak confidential information about the $2.8 billion takeover of the options and stock exchange in 2007.

U.S. District Judge Laura Taylor Swain also ordered John Marshall to serve 12 months of home confinement as part of a three-year term of supervised release. Marshall also agreed to forfeit $1.1 million in profits he and two business partners realized from the alleged scheme.

Marshall, 55, pleaded guilty in September to one count of conspiracy to commit securities fraud in federal court in Manhattan.

Prosecutors accused him of using his position at the exchange to obtain nonpublic information about the pending ISE deal and giving it to his business partners at financial consulting firm, Marshall Tucker & Associates LLC.

Marshall admitted when he entered his guilty plea that he passed "hints" about the merger to partner Alan Tucker, knowing that he "would likely trade on that information."

Marshall, Tucker and partner Mark Larson were sued by the U.S. Securities and Exchange Commission in March and charged criminally. Tucker pleaded guilty to one count of conspiracy to commit securities fraud in September.

Marshall resigned from his position at the exchange when he was charged in March.

ISE was bought by Eurex Frankfurt, a derivatives exchange owned by Deutsche Boerse AG (DB1Gn.DE) and the SWX Swiss Stock Exchange. The all-cash deal was announced in April 2007 and closed in December. (Reporting by Gina Keating)


ISE ex-vice chair gets 18 months in conspiracy | Industries | Financial Services & Real Estate | Reuters

[captnemoo]

Record Volume on Nasdaq Close for Russell Reconstitution
Posted by Tiernan Ray
Nasdaq OMX (NDAQ), the company that runs the Nasdaq stock markets, informs us this afternoon that the Nasdaq had a record close in terms of volume of shares bought and sold at the end of trading because of people moving into and out of stocks added to or dropped from the Russell Investments indices, mentioned earlier.

1 billion shares traded hands with a total value of $9.2 billion in 2.9 seconds, says Nasdaq. Interestingly, that was above the 893.3 million shares traded last year in the Russell’s reconsitution, and faster than last year’s close of 5 seconds, but it was lower in dollar value than last year’s 12 billion.

As suggested in an earlier post, many of the big volume trades at the close were small caps. The top ten trades at the close in order of volume were: Sirius XM Radio (SIRI), Sanmina (SANM), Cell Therapeutics (CTIC), E*Trade (ETFC), Finisar (FNSR), Level 3 Communications (LVLT), Capstone Turbine (CPST), Maxim Integrated (MXIM), Intel (INTC), PMC-Sierra (PMCS).

And IMHO short positions covered and derivatives dumped. Time for the Markets to go back up LOL

ACLS had great news a few days ago and down by the works of ISEG, and look at the last few trades of the day.........
:00:02 PM Ask 0.4 243000
4:00:02 PM Bid 0.39 20400
4:00:02 PM Trade 0.4 4630000
4:00:01 PM Trade 0.4 70000
4:00:01 PM Trade 0.4 25000
4:00:01 PM Trade 0.4 105000
4:00:01 PM Bid 0.39 17400
4:00:00 PM Trade 0.4 102100

And look what they did to the share price. last 1 minute........on the interday chart!!

http://finance.yahoo.com/echarts?s=A...urce=undefined

[captnemoo]

Posted by: mtrewulf Date: Friday, June 26, 2009 5:37:33 PM
In reply to: None Post # of 349

ACLS was dropped from the Russell 3000 today. Institutions were forced to dump to align with the Russell. Here's a link to the changes. It'll recover, the drop had nothing to do with Company events. Just funds re-balancing.

Russell Reconstitution (Russell.com)


And with that Info,,,,,,,,,,,,,,,, weeeeeeeeeeeee LOL on this article.

Conventional Wisdom, Foiled Again
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LinkedinDiggFacebookMixxMySpaceYahoo! BuzzPermalinkBy MARK HULBER
Published: June 1, 2008
IT is widely assumed that a stock’s price will rise when it is added to a major stock market index. As is often the case with conventional wisdom about the stock market, however, the truth is more complicated.

Skip to next paragraph In fact, a new study has found that over the long term, stocks that are dropped from an index generally outperform those that are added.

The study, “The Long-Term Impact from Russell 2000 Rebalancing,” has been accepted for publication by the Financial Analysts Journal. Its authors are two assistant professors of finance, Jie Cai of Drexel University, and Todd Houge of the University of Iowa.

The professors focused on the Russell 2000 index, perhaps the most widely used benchmark for small-capitalization stocks. While they didn’t study other market averages, they say that their findings are generally applicable to any index that — like the Russell 2000 — is constructed on the basis of relative market caps. The professors also say their findings are partially relevant to other indexes, like the Standard & Poor’s 500 and the Dow Jones industrial average, that are constructed by committees that stress factors aside from market capitalization.

The Russell 2000 index, created at the end of 1978, contains the domestic stocks ranked 1,001 to 3,000 according to market cap. Every June 30, stocks that no longer qualify are eliminated, and new ones are added. According to the professors, some 457 companies, on average, were replaced each year from 1979 to 2004.

The researchers found that over this period, deleted stocks proceeded to perform markedly better than their replacements, on average. Over the 12 months after reconstitution, for example, the deleted stocks outperformed their replacements by an average of 9.3 percentage points. In the five years after reconstitution, the difference was 40.1 percentage points.

This pattern was quite consistent. In 20 of the 25 years studied, the average deleted stock was ahead of the average replacement after 12 months. And in all the years studied, the average deleted stock was ahead of the average addition after five years.

In the short term, though, the conventional wisdom seems to hold. Stocks added to the index often received a big price boost over the first few days or weeks, and deleted stocks frequently lag. But the professors found that these effects generally soon reversed.

A combination of factors account for the results, the professors believe. One was the positive momentum of stocks that had performed so well that they became too big to be included in the Russell 2000. Another was the large number of initial public offerings added to the index in a typical year, coupled with their initial tendency to underperform the market for several years thereafter.

BOTH of those factors are well known to market researchers. But another may be more surprising: a price-reversal pattern among stocks that were eliminated from the index because their poor performance made their market caps too small.

This effect is the opposite of the momentum shown by stocks that left the index because their market caps grew too large. In an interview, Professor Houge said he and his co-author were unable to determine why these poor-performing stocks soon became market beaters. But he did say that they were puzzled by the pattern.

Whatever causes these factors, Professor Houge said they should help managers of small-cap mutual funds bolster their returns with a fairly simple strategy: invest in stocks that are deleted from the Russell 2000, and avoid initial public offerings in the first few years after they come to market.

Assuming that the future is like the past, he said, such a strategy will beat the index in a large majority of 12-month holding periods and in virtually all five-year periods.

Could investors beat the S.& P. 500 by pursuing a similar strategy? Professor Houge said the answer was less clear for such an index, because stocks are often added or deleted from it for reasons having nothing to do with relative market cap. He noted, however, that other researchers have found that investors would have fared markedly better over the years had they stuck with the original S.& P. 500 stocks instead of going along with the changes made by their selection committees.

One way to avoid the problems associated with frequently rebalanced indexes, he said, is to invest instead in an index fund that is benchmarked to the entire stock market, such as the Vanguard Total Stock Market fund.

Mark Hulbert is editor of The Hulbert Financial Digest, a service of MarketWatch. E-mail: strategy@nytimes.com.

http://www.nytimes.com/2008/06/01/business/01stra.html

[captnemoo]

Just got back from a trading seminar today and a rep from CBOE was there, and I spent most of my day yacking with him about ISEG LOL, Bastids, LOL, He used to be a MM for 16 years and commented ,his horns and tail are put away, You devil MM you. Anyway The things that go on in the markets right now and with ISEG being owned by Europe now, makes things just a lil hard for us, when they do what they do. He says it isn't illegal, but walking a very fine line!.A lot of funds were the action this week dumping stocks being ousted from the Russel 3000. Hopefully things will get back to norm this week for those stocks!

[captnemoo]

and I was out watering the lawn!! Returned call and called another SEC lawyer, and left message with him also. Should have their thoughts on this POS ISEG tomorrow.......

[captnemoo]

Nothing like rose colored glasses, chezzz He couldn't comment on anything, and didn't know what sitting on the bid and ask at the same time and controlling the trading of a given stock, was !!!!!!!!!!!!!! He says if you think manipulation is going on , write a formal complaint. OMG about 1000 investors have wrote!!! Then he says OH yes I see your complaint now, Of course they wont say if they start an investigation or not, but I was hoping for an answer to at least ONE question!!!! I guess we are on our own in this crap shoot of a market, Faith in the system just hit an all time low!!!! WTG SEC!! Thanks!!!!!!!!!!!!

[captnemoo]

ran up nice, and guess who jumped on bid AND ask, at the same time??? ISEG and look what they did with the stock!!!! To bad the SEC couldn't answer any questions today as to why, ISEG is in our markets??? I have a hard time with European ECNS killing every stock of ours that looks like it might run!! Things that make one go hmmmmmmmmmmmmmmm

[captnemoo]

This explains all the trading to the 4th decimal. I use to think MM make their $$$ from the spread, well THEY prolly do but these owners of these electronic mega fast trading machines make a commission off every trade. It is all making sense now what is really going on in our markets, and ISEG is staring to come into a better light. SEC called again today, and funny, they know NOTHING about ISEG and their purpose in our markets, hmmmmmmmmmm

Trend-Signals: ** 70% of market volume is FICTITIOUS...

** 70% of market volume is FICTITIOUS...

"I have a feeling one day the door is gonna close, everyone is going to be running for the exits, there is going to be a major move in the market and everyone is going to wonder "what happened?"

There is problem structurally in the equity markets that nobody wants to talk about. There is intervention, there is manipulation going on. No one has exact proof of what is going on but it's out there, and the real liquidity has been gone for a while. People don't understand, the liquidity is not coming back."
HIGH FREQUENCY trading machines!!!!!

[chuck44l]

Good stuff nemo I say its time to crack down and even the odds for our fellow traders. I would like to learn more about market makers and what actually goes on behind the scenes but talk about a heavily guarded seceret.