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: compradun who wrote (1114)	9/27/2000 10:02:01 PM
From: gene_the_mm	Read Replies (5) of 1426

COMPRADUN... Be careful. It sounds like the daytrading shop you refer to is doing something a little 'shady'. I cannot imagine a firm like NITE offering AUTO-EX to momentum daytraders. That is what many firms refer to as 'fast business' which offer no upside to NITE's business model (because they providing NO order flow that NITE can profit from -- the idea being that they will lose money on the AUTO-EX orders but make money on market or limit orders). AUTO-EX is a privelege, not a requirement. It sounds like that firm is abusing their privelege (IMHO). If I were you, I would benefit from that while it lasts (because my guess is it won't last for long). Good luck. All the best, -- Gene

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