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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs

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To: Anthony@Pacific who wrote (18)7/18/1999 10:59:00 PM
From: DougB  Read Replies (1) of 112
 
Not that I would advocate more regulation, but, if there were a requirement that ECN orders remain active for a minimum period of time (say 3 minutes or 5 minutes) then we would not of seen all of those fake bids on VPHM when it ran over 20 the last time on Wednesday. In fact, I doubt there would of even been a last run over 20.

OTOH, why should ECN users be subjected to any more exposure than the regular Market Manipulators?
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