Meet Gene, a NASDAQ Market Maker Message Board

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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 6:20:12 PM
From: TimF	Read Replies (2) of 1426

A firm quote is simply an MM showing a size (be it 100 shares, 1000 or 10,000 shares). If you bid that MM for the 1300 shares he is showing and he simply lifts his offering without selling anything to you, AND there is no 1300 share print on the tape he has 'backed away' from your bid. If you call NASD Market Regulation they will confirm whether you are owed the print Does it work the same way with options? One time I tried to buy a call order I put in a limit order for something like 13 (right on the bid) and the ask was maybe 13 1/8. The bid stayed the same and the ask kept moving back and forth between 13 1/8 to 13 1/16 and then to 13 and then back up, without me getting filled. Tim

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