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Non-Tech : Meet Gene, a NASDAQ Market Maker

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To: gene_the_mm who wrote (1371)2/19/2002 4:38:01 PM
From: Savant   of 1426
 
Nite, up to the same old tricks. I just caught nite moving away from an offer that was showing for three hours in a NasScp stock. I had to complain twice. The first response they had, was that the offer was only in place for a few seconds at 11:42 and that they weren't representing there at 14:26. The second time, a more experienced house trader called them, and they couldn't explain why their new, higher offer was put in place at 14:27, one minute after I placed my limit order to their offer showing at 14:26.....The C,T,&Ss.. They finally gave me the fill...ps, they said, "we wouldn't do that, that's 'moving away'..it's illegal"...LOL.
Low vol stock, they were caught red handed..why they would pizz around and lie for two cents is beyond me, though. It was the second time in a couple of weeks they did that, and for the principle of the issue, I challenged it.
S.
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