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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: LPS5 who wrote (1335)3/2/2001 10:45:19 PM
From: Walkingshadow  Read Replies (1) of 1426
 
LP,

Thanks for your very informative post. Sounds to me like the MMs for the biggest brokerage houses have the advantage in gauging buy/sell pressure, since they would also tend to have the most retail and institutional order flow.

Question: what does "UTP" stand for?

Also: How exactly do MM's go about opening a stock at a particular point? Obviously they don't just pick a number out of thin air, so I suppose there must be some kind of method to their madness.

Thanks,

WS
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