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To: Matt Webster who wrote (38744)3/11/1998 8:35:00 AM
From: Glenn D. Rudolph  Respond to of 61433
 
My understanding was that it was double-counted, in addition to MM to MM activity.
Example, I sell my 1000 to Schwab, which counts, Schwab sells to another MM (doesn't
count), that MM sells to another customer (counted again). Is this not right?


Matt,

This is not correct. Trades between MMs are posted and counted. You wilsee them with very unusual fractions and lots for that matter.

Glenn