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Non-Tech : ECN Bogus Bids and offers, Manipulation BY MMs
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To: M. Dion who wrote (45)7/20/1999 6:07:00 PM
From: Dominick   of 112
 
M.Dion:

It does in this case. The MM is only obligated to take the
required minimum (100 to 1000 shares) and then using the 17
second tactic the MM changes the bid or offer.

Remember this is a negotiated market the MM is not obligated to take
your shares he can choose who he deals with.

Dominick
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