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To: ViperChick Secret Agent 006.9 who wrote (34061)	1/25/1998 5:35:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

spoos Pricing. Interesting question. The cash market cannot move as fast as the futures so I suppose he is saying one has time to play catch up. But the MMs are rarely fooled so I would guess Hank is incorrect here. Perhaps 3 minutes.....perhaps zero. Anyway, the MMs price off a modified future quote according to my earlier post. I would imagine it depends on motion. In any event. It makes no difference to me so I would not hazard a guess. Insofar as it is an issue I don't mess with, I don't care to analyze it.