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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (4254)5/22/1998 7:21:00 PM
From: LTBH  Read Replies (5) of 12617
 
Question for Irby, Steve, anyone

Nasdaq stock 3/4 x 15/16, I bid 25/32. The next 30 minutes bid stays at 3/4 and my bid never shows on two quote services. Its my understanding my bid should bump the bid to 25/32. However I was told on another thread that the MM shows whatever bid he chooses.

Could someone enlighten me? The later statement doesn't make sense. If I'm willing to pay more, why wouldn't my price show? Also thought it was required in this case. Note that I am not saying I had to get a fill, just that my offer should have bumped the bid.

TIA

Networm

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