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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Peter Church who wrote (22233)	10/19/1998 2:06:00 PM
From: IceShark	Read Replies (2) of 164684

Can anyone explain the significance of when the trade is made between the bid and ask price as shown? Peter, absolutely no significance at all. Could be a late reported trade - even 15 seconds will do it; MMs sell between themselves inside the bid/ask - one of the reasons DAQ volume is 2 to 2 1/2 times actual volume; non-MM brokerages typically buy and sell to the MMs between the bid/ask. The last item is the reason discount brokerages exist, besides competition. Ever wonder how they can make a go of things only charging 5 or 10 bucks commission per trade? They get paid by the MM for "order flow", which is basically a discount to the price charged or given to the ultimate customer that paid the posted bid/ask. Neat, huh? -g- Regards, IS

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