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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (1830)12/2/2000 8:35:18 PM
From: jjs_ynot  Read Replies (2) | Respond to of 2317
 
Dan,

>>> What happens to the liability issue of standing behind the published quotes? Doesn't the SEC expect the exchanges to regulate themselves in regard to firm pricing? <<<

I have watched the Market Makers move the bid/ask against me when my order hits the floor with surprising regularity (probably once a day). I can watch my sells at the bid not become the ask and no trade gets executed.

The SEC seems not to notice or care.

Regards,

Dave



To: Dan Duchardt who wrote (1830)12/3/2000 9:28:31 PM
From: KFE  Respond to of 2317
 
Dan,

I would assume the Market Makers could create their spreads anyway, even if the quotes were close to "fair falue"

Correct, but they would have to work at it by playing the bid/asked spread and if the quotes discussed were close to real it would create a guaranteed risk free profit.

What happens to the liability issue of standing behind the published quotes? Doesn't the SEC expect the exchanges to regulate themselves in regard to firm pricing?

sec.gov

Regards,

Ken


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