hi brec,
for me it's not an issue of paying the price
of a spread,
as i will hit the bid,
no PROB,
i will hit the ask,
no PROB,
it's not a question of semantics,
of what makes a market,
for me,
it is an even more unbiased,
question,
of REPRESENTATION,
of EXPOSURE,
being put in the back of the line,
having part of your order represented,
having your order butchered in to small lots,
having your order put behind other orders,
of other clients,
with other trading histories,
for me it's a question of having your order held,
or your order not shown,
or your order passing through some poo poo heads,
hands who screws it up,
for me it's a question of having a stock or option,
trade through your limit price,
by a large margin,
and your order not get filled,
and the reason you recieve is,
"NOTHING DONE"
"FAST MARKET"
"WE DON'T HAVE TO HONOR YOUR GOOD FAITH, FIRM ORDER, IN A FAST MARKET"
say what?
we are sorry,
even though it traded through your limit price,
by a point or 3,
we don't have to honor your order,
because we are the market makers,
we are the brokers,
we own this playground,
and if you don't like it,
you can go somewhere else..... |
