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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?

To: JerryPutnam who wrote (2702)	12/15/1998 2:49:00 PM
From: kaz	Read Replies (3) \| Respond to of 7382

Jerry, Thanks for the information, especially about reserve orders. It has been beyond my comprehension until now how one MM with just a few shares could eat up thousands of shares against it. Just curious, why is this allowed? Wouldn't it be better for the trading public to know that there's a huge order behind that paltry bid? In fact, doesn't this conflict with the fair trade principle since only those with access to L III (or whatever allows one to see reserve orders) would be given an unfair advantage? Regarding TNTO, if what you're saying is accurate, why all the criticism lately about what a rip TNTO is? Doesn't sound like there's much room for opinion. Either it does what you say or it doesn't. If it does, sounds like an excellent tool. Paul Kaz