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Non-Tech : MB TRADING

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To: Dan Swartzendruber who wrote (3293)	1/12/1999 10:13:00 PM
From: Bill Green	of 7382

Dan I'm not 100% on this but I think it is because ARCA doesn't change the level 1 quote and if it doesn't get a fill with an ECN then starts to snet pref the mm's at their bid/offer price. Which also doesn't affect the level 1 quote. Regards Bill

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