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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: gene_the_mm who wrote (1281)3/2/2001 9:12:09 PM
From: Walkingshadow  Read Replies (1) of 1426
 
Gene,

Two questions for you. Correct me where I'm wrong.

My understanding is that before the open and all during the session, MM's have complete information on buying and selling pressure, and this determines where they open the stock. The information comes from supers and interest messages, with supers indicating professional/institutional buying/selling commitments, and interest messages indicate predominantly retail buying/selling interest (but not commitments).

So, the MM can easily distinguish retail from professional/institutional orders and interest, and then based on his assessment of relative buying/selling pressure, opens the stock at a corresponding price, or thereabouts.

My questions:

1) Outside of the information at the Thomson Financial site,

iw.thomsonfn.com

is there any way for retailers to access supered messages?

2) Are there other sources of buying/selling pressure that MM's have access to outside of these two sources?

TIA,

Walkingshadow
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