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Wednesday, April 10, 2024 5:12:57 PM
There are not.
The literature even says that the Expert Market is available to match buy and sell orders on an unsolicited basis…which means no MM quotation. Just brokers putting out the buy and sell orders of clients until they match. However, there is nothing stopping the broker(s) from being the buyers of their own clients shares.
That is correct. MMs can't make markets. They can execute trades, if they have unsolicited orders.
What is your point?
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