Muzic's DAYTRADERS PARADISE

[Doc Holliday]

Post about MMs


StockScout1 Member Level Wednesday, 06/22/16 08:38:54 PM
Re: StockScout1 post# 283280
Post # of 285038

$MINE Market Makers - Who are they and how are they different?
Market makers, who are they and why do I care?

Its very important to recognize what the role of each market maker is, this will help you navigate L2 and get a better sense of ebb and flow of the price action.

The AX
The most important market maker to look for is called the AX. This is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. The ax isn't always trading the stock in one direction or another. Sometime he is keeping it in a tight range and sometimes he is not there at all and another ax may step forward. Note that there are times where there is no ax present. The point is the AX is the one to watch closer than all other parties or MMs. Many day traders make sure to trade with the ax because it typically results in a higher probability of success. Note that the ax is not static. On any given day any party can be an ax, there may be one ax in the morning and another in the afternoon. If a big order comes onto the trading desk of a firm that doesn't do big volume in a certain name, the ax will take care of it and command the action. An ax can easily use an ECN to hide much of their action. They can and will use fake outs. Keeping an eye on Level 2 will reveal the ax.

Complete list of OTC Market makers:
http://www.otclistings.com/wp-content/uploads/2009/12/A-Complete-List-Of-Market-Makers-For-OTC-Listings.pdf

Each market participant is recognized by the four-letter ID that appears on level II quotes. Here are some of the most popular ones:

NITE, ETRF, CDEL CSTI PUMA MAXM ATDF CANT
and the ones we all hate to see
VFIN VNDM BMAK BKRT ARCA ASCM
These 6 are rarely every up to any good. Once in a while they can be VFIN. There have been times when I put in a limit buy order and it was executed by VFIN, and I could move him around on L2

NITE: This is the king MM of the OTCBB. He intimidat5es traders and other MMs use that to their advantage knowing that he scares them.

That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ASK all the time, he could be

leading a dip scaring sellers to CSTI and CANT on the bid.

Electronic Communication Networks (ECN): ARCA, BRUT, BTRD, INCA, INTL, ISLD, REDI

Big Shorters: JIMK, POND, ASCM, BKRT, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).

Top Retail Dilutor: VFIN Public enemy #1

OTC Bulletin Board Market Maker List

ABLE - Natexis Bleichroeder Inc.
ARCA - Archipelago
ASCM - Ascendant Capital Markets LLC
ATDF - Automated Trading Desk Financial Services LLC
AUTO - Automated Trading Desk
BEST - Bear, Stearns and Co Inc.
BMAK - Magna (Hannover)
BMIC - Biltmore International Corpor
BKRT - Mercer, Bokert, Buckman & Reid
BOFA - Banc of America Securities
CANT - Cantor FItzgerald and Co
CSTI - Collins Stewart LLC
DOMS - Domestic Securities, Inc.
EDGX - Direct Edge ECN LLC
ETRD – E-Trade Capital Markets LLC
GARC - ICAP Corporates LLC
GNLN - Gunnallen Financial, Inc.
HDSN - Hudson Securities, Inc.
HILL - Hill, Thompson, Magid and Co.
LABS - LaBranche Financial Services
MAXM - Maxim Group LLC
MBAY - Monarch Bay Securities
MERI - Merriman Curhan Ford & Co.
MURF - Murphy and Durieu
NITE - Knight Equity Markets, L.P.
PERT - Pershing LLC
PUMA - Puma Capital LLC
SALI - Sterne, Agee & Leach, Inc.
SSGI - Seton Securities Group Inc.
STEW - Collins Stewart LLC
UBSS - UBS Securities LLC
VERT - The Vertical Trading Group
VFIN - vFinance Investments, Inc.
VIEW - Viewtrade Securities, Inc.
VNDM - Vandham Securities"

Categories
http://www.otcmarkets.com/research/broker-dealer-dir

VNDM

http://chedstrading.blogspot.com/2015/11/market-makers-who-are-they-and-how-are.html