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 : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: Mike E. who wrote (55)	7/26/2000 8:26:49 PM
From: LPS5	Read Replies (1) \| Respond to of 1426

90 seconds. LPS5

To: Mike E. who wrote (55)	7/26/2000 9:59:37 PM
From: gene_the_mm	Read Replies (2) \| Respond to of 1426

REPORTING TRADES... The technical answer is NO, they cannot delay reporting. I believe NASDAQ requires that MM's report trades within 90 seconds of execution. Any holding up of trade reports would be considered a manipulative act. The SEC is constantly monitoring MM's for patterns of prints out of range and late reporting. If caught, MM's face huge penalties including censure and severe fines. However, it is not uncommon for a very large block of stock to be taken down several levels out of the current market parameters. This is usually done to offset the risk of the MM taking down such significant size. Thanks for the great question, -- Gene