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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: TREND1 who wrote (15620)5/10/2001 8:03:07 AM
From: Mark Ivan  Respond to of 30051
 
Larry,

Yes, the NYSE is an auction system and there really is no bid/ask per se. Just the specialist's book which basically is a list of bids/asks. Since the specialist's book is "hidden", I always wonder where the bid/ask comes from when you get a NYSE quote. Maybe they are the last buy/sale prices.

Mark