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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Gut Trader who wrote (6224)7/27/2000 1:15:37 AM
From: Ilaine  Read Replies (1) of 436258
 
The stock's bid and ask prices were locked (i.e. the bid and ask prices were the same) from 3:52 p.m. Eastern Time through the market close at 4:00 p.m. Market and market-type orders entered during this time period will receive a Nothing Done report, as the security was trading in a locked market.

Huh? The buyers and sellers were at the same price, but the transactions don't go through? I guess that's because the MM doesn't get its commission unless there's a spread? That sux.
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