InvestorsHub Logo
Followers 401
Posts 25607
Boards Moderated 0
Alias Born 10/28/2017

Re: CHILLWILL1704 post# 29244

Tuesday, 12/01/2020 1:06:15 AM

Tuesday, December 01, 2020 1:06:15 AM

Post# of 29669
the numbers are what the MM wants to show. some "buys" are sells and some "sells" are buys. the order book system of OTC is a wild west show. hell the MM is not legally required to make any retail trade, and not required to send any buy/sell trade data to L2. Just so you know, L2 is NOT the OTC order book. OTC order book / ECN is a separate system, it is not centralized. L2 only shows whatever the MM feels like sending to it for display to us lowly retail folks.

OTC MM's only exist to 'make a market' in their assigned equities, for sake of making trade commissions. it is nothing like big boards where there are strict rules / guidelines for MM's to follow, auditing of trades, automatic halts put on stocks that drop below a certain %, and many cases where the MM can be fined $1m for breaking rules.

the rule in OTC market making is "there ain't no rules son".

My opinions are my own and are not a suggestion to buy or sell stocks. Always do your own homework.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.