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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: Janice Shell who wrote (627)8/18/2000 11:57:20 PM
From: gene_the_mm  Read Replies (2) of 1426
 
JANICE...

Great questions. All of this is still up-in-the-air and being debated. The answers will probably come at the end of October/November if I had to guess.

As I have said, I am against the SUPERSOES features because I believe larger firms and institutions will use this type of feature to 'push' stocks around. This is not in any way manipulative but it definitely give the institutions execution advantages and unless an 'order rotation' is built in to give rotational executions, big firms and institutions might be able to 'hog' liquidity at times.

I think a 99,999 cap would be OK, but even so, stocks will still get whipped around. Just my opinion.

All the best,

-- Gene
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