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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: LPS5 who wrote (1245)11/30/2000 8:32:08 PM
From: rjm2  Read Replies (2) of 1426
 
Sounds like you have a problem with Dateks empowering the little guy. I appreciate the fact that I can improve the best bid or offer and improve the chances that an uneeded 3rd party (MM) will not jump ahead of my order by a penny or whatever.
My solution ? A national limit order book. Abolishment of payment for order flow and EVERYONE on a level playing field.
This means if Aunt Jean was first in line at a specific price, then Aunt Jean will be the FIRST one to get filled at that price or better.

I think we are heading in that direction...it will just take time.
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