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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: August who wrote (5937)	12/3/1998 9:16:00 PM
From: steve goldman	Respond to of 12617

August, While I dont feel that all market makers are greedy thieves, some are lacking. I know many honorable market makers that do a great job handling orders and honoring quotes..but its up to your firm to DEMAND that from them, to push them and to monitor your trades, which is why i think it is a disservice for investors to use firms that autoroute everything. There is no trade that is overseeing the trade and ensuring that it is handled properly, until afterward. And then, they dont want to upset their singular gravy train with this one market maker to which they route everything. That said, I was wrong is saying that it cant trade through you. Clearly the readers on this thread are savvy and knowledgable enough to know it damn well can trade through you. its not that *I goofed your order by placing it on an ECN at 50 1/4 offered, your offer, but a thieving market maker that fills a client at 50 3/8 instead of taking you out..that that market maker screwed his client for 1/8, doesnt mean you are deserving of a print with me... go to a specialist maintained market , where you CANT trade through and then we have a bitch, a claim against the specialist since one party was responsible and should never let it trade through without completing you. How the nasdaq lets trade trade through offers or bids is beyond me. About the Bamms, etc. of the world, I agree. To some degree it makes a bit of mockery of our great capital markets. And I am sure you see a lot, but if you saw what I saw, all day, everyday, you'd be running for a yamner to work your trades.else you gotta do it yourself. heck, or buy silver and have them deliver it to your house. Regards, Steve@yamner.com