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

To: Wayners who wrote (461)	8/5/2000 4:29:25 PM
From: LPS5	Respond to of 1426

Not at all, Wayne. I still work in the securities industry, but since late last year, all of my trading has taken place on a customer basis. My days on the desk ended last fall when I did what many of us on the street refer to as the "Shearson Shuffle." :) I'm in a unique position to want the things I want as a retail trader and investor, while at the same time knowing the processes, rules, and most importantly - the realities - of the professional trading world, whether on a dealing or proprietary basis. There are reasons why professionals have tools that you and I don't and can't have, and I accept and understand them. You should too. On the other hand, I'm no fan of such practices as selective disclosure or payment for order flow - though the latter only inasmuch as it may result in substandard executions. I accept your apology. LPS5