Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: Rob S. who wrote (329)	1/13/2000 11:03:00 AM
From: Wayners	Read Replies (1) \| Respond to of 429

I have one legitimate beef against MMs. I dont' like the Nasdaq order handling rules that give MMs an astounding 30 seconds to decide what to do with an order. That gives them so much time that they can wait and see what happens, and then decide whether to fill you (if its in their favor) or time your order out because it would be in your favor. These rules have got to change. MMs should not be allowed to keep an inside bid or inside ask up there with no intention of filling the order. Get the hell out of the way instead. They get 30 seconds on SNET and 15 seconds on SOES. Once somebody hits my order on ISLD or ARCA--do I get 15 or 30 seconds to decide whether or not I want to honor the trade? No I don't. In fact I don't even get 2 seconds to decide. It should be the same for the MMs to put an end to past posting, backing away and short term/temporary support/resistance manipulation.