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Microcap & Penny Stocks : BNEZ and PMA; Success in 1999 -- Ignore unavailable to you. Want to Upgrade?


To: Elio Madama who wrote (1247)1/3/1999 2:36:00 AM
From: mulla711  Read Replies (3) | Respond to of 2648
 
NO KIDDING ELIO!!!...ON MY POST #1214 12/30 EVENING.. ANYTHINGPC HAD 356..NOW SATURDAY EVENING ........HUMMMMM BABY.....NOW 14 LEFT....HOT CAKES!!!...HOT CAKES!!!..... :) MULLA711

anythinginc.net



To: Elio Madama who wrote (1247)1/3/1999 9:43:00 AM
From: WEBNATURAL  Read Replies (1) | Respond to of 2648
 
Here's interesting info from

mtrader.com

This is a portion of a greater whole and relates to daytrading but shows the routine that MMs could take...
<<
SELECNET

This is also an electronic system of trading primarily
used for trades between Market Makers. It offers the
trader added flexibility when executing an order on the
NASDAQ Exchange.

SELECNET is a Market Maker to Market Maker
execution system, therefore it is important to note that
your bids and offers (like SOES) are NOT reflected on
the LEVEL II screen, instead, orders are displayed on
Market Makers terminals only.

SELECNET is a negotiable system, meaning that a
Market Maker may or may not execute your order
unless it is at his advertised price and he actually sees
it appear on his screen.

The structure of SELECNET is such that traders will bid
or offer stocks to a Market Maker, this price that one
bids or offers is not limited to just the bid or ask (inside
market) but instead a bid for example may be at the
current bid or the current offer, you can not go below the
best inside market like ARCA.

Once the order is "live" and NON-preference, all Market
Makers will see this order on their trading stations, this
is known as a Broadcast, the Market Maker will then
execute the order, in many cases, manually to complete
the transaction with the trader.

>>

This would remove seeing MMs in any Level II or realtime point of view.