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To: steve goldman who wrote (3341)3/9/1998 10:12:00 AM
From: Peter H. Hodge  Read Replies (2) | Respond to of 12617
 
I have noticed on level II and time and sales quite a few reiterations of best bid and ask by the MMs. I believe this is called "refreshing" them.

If the MM is not changing the size or their bid/ask, what is the purpose of this action? Can we pick up on some meaning to help us in our trades by viewing this activity?

Thanks for any response.