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To: dabadabadoo who wrote (1323)5/26/1999 12:37:00 AM
From: kapkan4u  Read Replies (5) | Respond to of 10027
 
You NITErs are in denial. There are two factors that will wipe out market makers in 3 to 4 years: ECNs and day traders. ECNs eliminate the need for MMs (MM stands for both MiddleMan and Market Maker) and day traders are essentially MMs themselves, competing with professional MMs and provide the liquidity to the markets.

Kap.