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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: LPS5 who wrote (1252)3/4/2001 5:10:23 AM
From: rjm2  Read Replies (1) of 1426
 
The problem I have is that I dont like the fact that a market maker (who was NOT bidding $50.01) can pay a penny extra and keep John Q. Public from getting stock. Not that whomever bidding should not be able to bid for stock, Its just not a level playing field when SOME participants get the opportunity, but not the requirement, to beat the public by a penny when the hammer is about to fall.

And, in case you are wondering, I think payment for order flow should be abolished.
This probably stems partially from huge jealousy in not being able to short the numerous scams that I have easily identifyed well in advance.

Sorry I must have missed this or I would have answered sooner.
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