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To: Dominick who wrote (8257)6/1/2000 9:38:00 PM
From: LPS5  Read Replies (1) | Respond to of 12617
 
Any number of things, including (for NYSE) trades away from the exchange (3rd mkt). For NASDAQ it could be that the MM at the inside is refreshing (something you might or might not see) or that the orders going off at the inside price are being printed by a MM who isn't at the inside. Lots of possibilities.

LPS5