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Page xiii
Preface
In the last few years a significant number of industrywide entry barriers to profitable trading have disappeared and the average person is no longer deprived of crucial privileges previously enjoyed by Wall Street insiders exclusively. Secrets of the SOES Bandit will reveal the manner in which market insiders dealt with the public in the past and will show you how to benefit from newly enacted regulatory changes.
After generations of insider self-regulatory dereliction, a new environment has been created in which anyone with the financial ability, intelligence, and desire can compete effectively in the fabulous world of Wall Street. No longer does the financial community dictate the terms of your participation.
Advances in technology coupled with regulatory changes have empowered the public investor and trader. Trading is now a mainstream occupational alternative, and the benefits and lifestyle it can provide are available to all who qualify.
Since the publication of my last book in the spring of 1995, an accelerated revolution has changed totally the face of the markets in general and the Nasdaq in particular. Regulatory change has benefited the little guy, and the public is finally getting a fair shot at the Wall Street game as Nasdaq's computerized Small Order Execution System (SOES) has proved to be the catalyst for the new market climate. Market maker resistance has turned into reluctant acceptance of Direct Access Electronic Trading (DAET), my advanced trading system through which traders have instant market access to SOES, DOT (the NYSE routing system), and an entire generation of electronic communications networks

 
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