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 (15)	7/27/2000 7:21:45 AM
From: Gary Wisdom	Read Replies (1) of 1426

Gene, re: MM non-participation Gene, first of all, thanks for taking the time to answer all these questions. It's appreciated. I'm in a stock that I've been trading for a long time and know very well. It is extremely thin with avg daily trading volumes ranging from 100,000 a day to 300,000 a day (on a monthly basis). But rarely do you ever see a bid or offer more than 100 shares and it's a $3-4 stock!!! Anyway, my question is from time to time, I'll wake up in the morning and 70% of the mms aren't live for about the first hour of the day. Sometimes, many of them don't make a market the entire day. It was my understanding that it was a requirement that they show a live bid and offer at all times unless they're excused for the day. I've initiated an investigation with Stockwatch/Nasd but they're worthless as most of the people there don't know anything and can barely discuss this topic without showing their ignorance. Question is: are they or aren't they required to post live bids and offers throughout the trading day? Thanks.

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