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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Dave O. who wrote (7366)3/12/2000 8:30:00 PM
From: LPS5   of 18137
 
Dave -

Oh yeah, it's getting investigated - justifiably - and will be eliminated - justifiably. The new Nasdaq OATS initiative(Order Audit Trail System) will be instrumental in that crackdown.

My reason for mentioning that, though, was because it was one of the items that MM's were accused of doing in the SEC/DoJ 21(a) report...when in fact everyone was doing it, and even now lots of traders do it - order entry firms as well as market making ones.

LPS5
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