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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Mark Davis who wrote (4624)10/4/1999
From: marketbrief.com  Read Replies (1) of 18137
 
hi mark, i agree completely... I have never been "down" on the role that the market maker plays and often feel sorry for them (oh so briefly) when I see something screaming or crashing; I'm the last guy who would like to see the market makers "go away"...

My comments really had to do with the proliferation of ECNs and how the market has become more fragmented, and in many ways less fair, than it used to be. Having a truly unified exchange would eliminate many of the pricing inefficiencies that now exist (and that quick dudes like Carl and KM exploit).

~Smart$
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