SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?


To: Pallisard who wrote (4423)10/16/1998 4:15:00 PM
From: Robert Cohen  Read Replies (1) | Respond to of 27311
 
The problem with a computer based system which crosses buyers and sellers (A la Island ECN) would be the lack of liquidity in either a rapidly raising or falling market. MM's provide this liquidity with their deep pockets and willingness to short stock during an uptrend and to buy stock during a downtrend.

Robert



To: Pallisard who wrote (4423)10/17/1998 12:04:00 AM
From: Sig  Read Replies (1) | Respond to of 27311
 
Pallisard,
Thanks. It does help clarify things. But what happens if they ever get investigated? Nothing, right? Probably this is SOP, so no rules broken, yes?