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Tuesday, August 08, 2023 8:31:15 AM
When you buy, there are many MM's that can sell to you. They don't all have the same spread. So, when you offer to buy shares, it is within the ask of at least one MM if you get them at that price.
In other words, you say what you will pay for them, and if any MM has a spread that includes that price, your order will fill, at least partly.
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