SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Meet Gene, a NASDAQ Market Maker
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Pueblo who wrote (19)7/26/2000 6:25:20 PM
From: gene_the_mm  Read Replies (1) of 1426
 
REGARDING PRINTS ON BID/OFFER AND NO MOVEMENT...

This one is easy. MM's compete for order flow and when they have customer orders (especially market order but also limit orders that ARE executable), they can either HIT/TAKE the stock or simply compete with the current bid/offer and print their customer there, as long as the customer is benefiting by receiving the best possible print in the market.

The MM's job is to determine where and how much risk to take. Thus, by competing with the current bid or offer the MM might be going at risk and printing his customer at the proper market price.

Remember, just because prints are going off on the tape does not mean the stock HAS to move in that direction. Some MM's like Charles Schwab (MASH) have AUTOMATIC execution that prints the market order at the current market price. That might also be what you are seeing.

Hope that helps,

-- Gene
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News