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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: gene_the_mm who wrote (17)	7/26/2000 12:21:01 AM
From: Don Pueblo	Read Replies (1) of 1426

Good morning/afternoon! Another question: on numerous occasions, I have seen an ECN on a bid or an ask when several trades went off at that price and the ECN order did not go away. An example: CSCO has ISLD (and nobody else) on the ask for 200 at 68. Ten trades go off at 68, for various amounts other than 200, but the ISLD ask does not change and nobody else appears on the ask. Then a trade goes off for 200 on ISLD and there is a new and different asking price. Assuming you have seen this, can you explain how and why it happens? Thanks, TLC

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