SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Market Maker (MM) Games

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: cool who wrote (34)2/27/1999 10:29:00 AM
From: Robert Graham  Read Replies (1) of 41
 
This is a normal function of making a market. There is added risk in managing a large block transaction. This order needs to be worked over a period of time at different prices. So there is a "premium" placed on the handling of the order that is prearranged with the buyer or seller since the market maker. Since the price for the block is prearranged, the market maker is taking on this risk. What you see on tape is the final print with this "premium" which is just for book keeping purposes. This is legal and proper.

Bob Graham
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext