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

To: paper man who wrote (415)	8/4/2000 12:57:19 PM
From: ahhaha	Read Replies (1) \| Respond to of 1426

The answer to your convoluted question is no. You aren't understanding what it is to make a market and the constraints which are placed on the market maker. Behind your scenario you're trying to prove that market makers can manipulate markets. The rules, placed as constraints, are there certainly to preclude manipulation, but they're there to preclude market makers from deluding themselves into believing they can beat the market with privileged information. Market maker expected return declines when the market maker operates outside of the simple function of plugging holes in price continuity. Operating outside isn't realistically possible anyway under the existing surveillance and review available from the computer trace.