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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs
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To: Anthony@Pacific who wrote (36)7/20/1999 2:29:00 PM
From: paulmcg0  Read Replies (1) of 112
 
I don't know if this has been mentioned before on this thread,
but the NASD rules favor the market makers.

For example, NASD Rule 6750 only requires that MMs honor their
bid and ask prices for the following share quantities:

Price # of shares
===== ===========
0 to 0.50 5000
0.51 to 1.00 2500
1.01 to 10.00 500
10.01 to 100.00 200
100.01 to 200.00 100
above 200 50
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