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


To: Eric P who wrote (4542)5/24/1999 7:47:00 PM
From: steve goldman  Read Replies (1) | Respond to of 4969
 
I can't tell you for sure what the specialist MUST do, for I am not sure that there is an absolute. I'd say that often I see the NYSE matching third market or other regional quotes, yet I have also seen the NSYE lock the market.
THus, you bid at 1/4 would probably be displayed, yet the specialist might want to be competitive if the size isnt' too great and fill you.

Regards,
Steve@yamner.com