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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: manfmnantucket who wrote (1294)1/12/2001 9:17:22 AM
From: Keith Lenart   of 1426
 
manfmnantucket wrote:
"I've read many times about how market makers pay brokers for "order flow" information."

Mfn,

You misunderstand. MMs "pay for order flow" means they offer small kickbacks to brokers who direct orders specifically to them (over other MMs). A way to say "thanks" for the liquidity it provides to their trading.
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