SOES Bandits

What Does SOES Bandits Mean?
A slang term for traders who make rapid buy and sell orders, using the SOES system, in order to make a profit from small price changes.

Investopedia explains SOES Bandits
Since the SOES executes orders of 1000 shares or less immediately, an SOES bandit has a greater chance of profiting since the bid-ask spread is tight and prices are extremely accurate.

Filed Under: Active Trading, Buzz Words, Stocks

Related Terms

Arbitrage
Bid-Ask Spread
Day Trader
Market Maker
Scalpers
SOES
More Related Terms

Related Links

Electronic Trading Tutorial - Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.
Trade free for 30 days + get $100 when you open an account. Plus, get straightforward, $9.99 Internet equity trades and no maintenance fees.
Free Booklet: Smart Trading Techniques

Rate this Term: Your Rating: Overall Rating: Vote Now!