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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: gene_the_mm who wrote (1112)9/27/2000 9:12:24 PM
From: compradun  Read Replies (1) of 1426
 
Hi Gene:

Thanks for the thread.

I often preference MMs and I have found many odd things happening. I will preference a MM for 400 shs that is displaying only 100, and then receive a fill for 400shs. Sometimes I am filled with an odd lot [ex 143 shs.]. Sometimes the MM fills me long after he leaves the point at which I preferenced him.

Question:
Can you walk through what happens to the preferences? I assume that orders on the desk have something to do with it, but are there other things about the process that will help me understand better?

Thanks in advance [and arrears for the thread]

Comp
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