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: rjm2 who wrote (1246)	11/30/2000 10:23:21 PM
From: LPS5	Read Replies (1) of 1426

an uneeded 3rd party (MM) will not jump ahead of my order by a penny or whatever. By the way, what did you mean by this? Are you suggesting that the market(s) do not need the capital committment of dealers? Or that if a dealer bids over your ECN-posted quote (say, $50 as high bid) by a penny (to $50.01), or a teeny (to $50.0625), or an eighth (to $50.125), that there is something wrong or unethical in doing so? Both? Neither? LPS5

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