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To: Frank Z who wrote (21085)10/10/1998 12:22:00 PM
From: IceShark  Respond to of 164684
 
Frank, I believe you are correct on that score, unless the specialist is crazy enough to trade on his own behalf. Same type of deal on CBOE. They are order fillers (not meant disparagingly) and make their money by having good clients that feed them lots of order flow.

Regards, IS



To: Frank Z who wrote (21085)10/10/1998 1:51:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
I am not sure if specialists keep the spreads. Specialists make $2 per trade and that's why
they are also referred to as $2 trader.

Frank,

I cannot say I know for sure. I would have to research but take your word on it.

Glenn


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