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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dominick who wrote (3367)	8/29/1999 12:15:00 AM
From: Bilow	Respond to of 18137

Hi Dominick; Regarding trade reporting on Nasdaq. I believe that someone buying 50,000 shares through a broker in 5,000 share increments might or might not end up with a print of 50,000 shares at the end. If the MM put his order out at a limit price specified by the client, I don't think you would see the print. But if the MM picked up the shares at various prices, and then bundled it all to the client (hopefully taking 1/8th for his trouble), then you would see the double print. Read chapter 5 of the following rule book for market makers: nasdaqtrader.com -- Carl P.S. I think that reading the above rule book is a good idea for all scalpers. It helps to know what kind of rules the other guy has to follow, too.