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

To: gene_the_mm who wrote (411)	8/3/2000 11:57:22 PM
From: dannobee	Respond to of 1426

Super Montage is supposed to increase trade transparency and depth of liquidity. Its impact should reduce the number of locked and crossed markets, but as far as I know it has yet to be implemented. It should help all market players, at least in theory, by reducing message traffic, and force the MM to either fill or move immediately (no time delay while the MM decides to execute or not). This should help the individual investors. Gene might be able to help more on this though. Danno

To: gene_the_mm who wrote (411)	8/4/2000 10:27:41 PM
From: paul gambuto	Respond to of 1426

Hi Gene, i have a hypothetical question for you. what would happen if a market maker was short a lot of stock in a small company. then this market maker were to go out of business.( chapter 11 ) now there are many more shares out there,then there should be, because the market maker had shorted this small stock. are the market makers insured? if i owned stock in this company, is my broker responsible for the shares they say i bought and are in my account? i have no idea if this is happening,( or if it could even happen ) but i would call for my shares in this company, if i thought i could possible get screwed ( for lack of a better word )because there now would be more shares outstanding then the company really has outstanding. thanks for you time, paulie