TMMI - Total Multimedia Message Board

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Microcap & Penny Stocks : TMMI - Total Multimedia

TMMI 0.0120

+20.0%

Jan 29 12:00 PM EST

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To: CashnOut who wrote (14624)	5/19/1999 3:07:00 PM
From: Bruce Hoyt	Read Replies (1) of 19109

CO, your broker will decide which MM gets the order to buy or sell. They SHOULD send it to the one with the best bid or ask, depending if you are buying or selling. However, your broker probably makes most of his profits on "payment for order flow" from the MMs so they tend to send the order to their favorite MM that pays them best. They have to be a bit sly about it but they can tip off a MM on a big order to adjust their bid/ask and suddenly that MM becomes the "best price" and you got scr@w@d. Bruce

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