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: Janice Shell who wrote (524)	8/15/2000 8:01:31 PM
From: gene_the_mm	Read Replies (1) of 1426

JANICE... I personally make markets in about 25 stocks. Some of them I have 'picked up' to fulfill some of my firm's retail interests, and some of them are stocks to trade and gain 'exposure'. I guess you could say I am 'assigned' stocks that my firm has a large retail interest in (though not always) and some I trade for their tremendous liquidity and volume. If I have limited retail interest in a stock AND that stock has limited liquidity/volume (large spread and less than 2 million shares a day traded) I will probably not make a market in any longer. Though I am not positive, I think that every stock an MM 'picks up' to make a market in ties up a certain amount of capital at that MM's clearing firm. Thus, it is not in a smaller firms interest (such as mine) in picking up every stock under the sun. Great question Janice. All the best, -- Gene

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