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To: Steve Cox who wrote (1317)8/4/1998 1:59:00 PM
From: Chief  Respond to of 2452
 
Also, there may be several MM's who are handling a stock and hence there may be several offers some are close and some are not and some fall between the B/A that we see- IF we could see all the trades as they actually occur across the electronic board we would not see a transaction as you described.
Hope that this does not confuse and it is brief and not fully detailed

Chief


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