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Technology Stocks : Gran Columbia Resources

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To: Vitalsigns who wrote (12)10/2/1999 2:24:00 PM
From: New Economy  Read Replies (1) of 24
 
firms trade for their own account with the intent of making a profit
Pg. 33 of the CSC: info. on dealers:
"In recent years, some firms have also bought listed stocks as principals in order to accumulate blocks of shares in sufficient size to permit them to be more competitive in serving their larger institutional clients. As well, firms trade for their own account with the intent of making a profit." ! ! ! ! !
"Its knowledge of current conditions in secondary markets tempers the advice it gives about terms and features... The dealer may also complete a separate buy or a separate sell transaction from its own inventory. There is no need to wait for simultaneous, matching buy-sell orders from other investors to complete an order. The relative speed and ease with which purchases or sales may be made from inventory greatly adds to the liquidity of already-issued securities...
Although not all securities firms carry extensive securities inventories...the do hold 'em."
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