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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: compradun who wrote (4353)3/20/1999 9:20:00 PM
From: steve goldman  Read Replies (1) | Respond to of 4969
 
No problem. The specialist takes all market on open buy and market on open sell orders, uses stock on the books or bids on the books and finds an equilibrium. The old supply and demand. The specialist can fill some out of his own inventory, standing in to make an orderly market, if necessary. The specialists finds a place where supply crosses demand and thats where he opens it.
-steve@yamner.com