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Non-Tech : Meet Gene, a NASDAQ Market Maker
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To: EL KABONG!!! who wrote (1399)4/5/2002 10:12:20 PM
From: LPS5  Read Replies (1) of 1426
 
Kerry,

I wouldn't comment on the issue itself, but with regard to your analysis of the transactions, I think you're probably right. The commissions would have come to roughly a penny and a third per share, in my assessment, perhaps a penny for brokerage and a quarter/third of a cent sales credit. These days, with dealers moving away from principal transactions, that's not an unrealistic transaction charge.

In all likelihood this was a trade done on a net basis, whereby - as you picked up - the commissions are factored into the overall transaction price either on a dollar or per share basis.

LP.
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