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Strategies & Market Trends : DAYTRADING Fundamentals

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To: ahhaha who wrote (7352)	3/12/2000 7:43:00 PM
From: LPS5	Read Replies (1) of 18137

You're absolutely right. In fact, it is noteworthy to remember that the market makers were never found "guilty" OR conclusively found to have acted collusively. There was some evidence of pressuring other market makers to not narrow spreads in certain issues, but no concrete evidence of some long-term, orchestrated conspiracy. If there is anything which we can affirm them of being 'guilty' of, it's of choosing to not compete with one another. The firms in question settled to the tune of $1.001B, choosing to get on with their business rather than be driven into what could have been even more expensive and time-consuming litigation. I have to admit, I'm getting a little tired of the sweeping, all-encompassing "pop culture" villanization of market makers and their firms. LPS5

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