OWC Pharmaceutical Research Corp (OWCP)

[Triple9]

Excellent, insightful post.

If I could add two things: market makers have access to Level 3 market data and the designated MM gets company news before the markets. That's right, the company has to give the designated MM a heads-up before any public announcement. This is so the MM can prepare for the markets reaction, but it essentially means they get start the day with inside info.

In my experience, the pre-market info the designated MM gets spreads fairly quickly as the MMs all know each other well. So just like the casinos where the house always wins in the long run, in the markets the MMs always win in the long run.