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Non-Tech : MB TRADING

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To: CanynGirl who wrote (485)	7/12/1998 1:14:00 PM
From: Sword	Read Replies (1) of 7382

True, but as far as I know, TNTO cannot be executed against except by other MMs. No other ECNs, including ARCA can execute against it. Therefore it is similar to a Selectnet broadcast since only MMs can execute against it. With respect to visability, it is different since anyone with LII can see TNTO, whereas my order will never be displayed anywhere on LII if I use Selectnet. If anyone knows any better, please correct me. What is the definition of "making a market"? -- Displaying your price and making it executable directly without going through another market maker. The only tool I have at my disposal at MBT for doing this is ISLD. -Sword

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