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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.
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.
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