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Pastimes : Humangs Against Gravity!!!
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To: Hoatzin who wrote (53)10/4/2001 9:01:48 AM
From: Don Pueblo  Read Replies (1) of 142
 
There is no reason other than the fact that the market makers don't want anyone to know what they and/or their clients are doing.

Reporting it in real time would be a nightmare for any market maker. It would involve revealing data to other market makers and other investors that would

a) tip their hands to the competition
b) invite investigation by authorities
c) change on a minute-to-minute basis and be extremely expensive to compile and report.

There's no actual "business or technical reason" for the uptick rule either, other than to make the markets more...uh...orderly. <G>
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