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Strategies & Market Trends : After Hours Trading(ECN)-The Coming 24/7 Trading Explosion -- Ignore unavailable to you. Want to Upgrade?


To: brec who wrote (95)4/11/1999 3:29:00 PM
From: Savant  Respond to of 314
 
There does not 'have' to be a spread. I have seen cases on the present system where the b/a are the same. Granted the times are relatively few. I don't object to a spread, I object to the double spread..the marked up spread as it were. I like to buy direct in any type of market..physical or electronic. Goods or securities. In some times and places in a free market system, often there is an agreed upon price without a spread. Most commonly only when there is a dearth of supply or an excess or a contrived/controlled market is there much of a spread.
Also, even now, I can sell directly to another person without broker, without MMs...I can sell to another person that is interested..it only has to go through the transfer agent. That includes private paper, as well as publically traded paper. The internet would facilitate that as well....the writing is on the wall, read it.