Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (4924)	3/8/2002 4:13:39 PM
From: Ira Player	Read Replies (1) \| Respond to of 4969

Steve, Glad to see you are still around. You went silent for awhile. I have a question regarding the Options markets. When will the Options MM be forced to show orders they are unwilling to fill to narrow the spreads? ECN's and the SEC rules closed the spreads in stocks on the NASDAQ. But in Options, you may have Bid/Ask 5.00/5.20 and submit an order to sell at 5.10, it sits there for ever, with the MM's selling to buyers at 5.20. I see no difference between this market and stocks. If they are unwilling to pay the 5.10, that is up to them. But they should not be able to sell at a higher price, effectively cheating those buyers. I know that there has to be some advantage for being on the exchange. Right of first refusal seems enough of an advantage to me. Is there any activity in this area? Ira