A Simple List of General Do's & Dont's of Trading: Message Board

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Strategies & Market Trends : A Simple List of General Do's & Dont's of Trading:

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To: Fred Puppet who wrote (504)	4/28/1998 10:39:00 AM
From: Follies	Read Replies (1) of 769

The market maker who receives Gary's order may choose to bid for 1,000 at 10 1/16. Then he display's a bid of 10 1/16 for 1,500. When they receive an order to sell 700 at the market, they are allowed to fill their own bid before they fill Gary's. Worse yet, they can hold the bid at 10 until they receive the market sell order, and just then decide that they want to bid 10 1/16, fill their own order and leave Gary unfilled. Are you sure about this? Trading ahead of the customer has been illegal, has this rule changed?

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