SOES Bandits

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 Says:
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:
Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more. Electronic Trading Tutorial