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Re: Jim Bishop post# 271923

Monday, 06/18/2007 11:12:33 PM

Monday, June 18, 2007 11:12:33 PM

Post# of 311080
Are you saying that this portion of what you just posted speaks directly to my comments on the mirror buy/sells?

"SEC Rule 15c2-11 provides an exemption to filing a Form 211 with the NASD for brokers that wish to publish an unsolicited quote. An unsolicited quote represents a customer order and not a market maker's own position and must be removed from the system once the customer order is executed. Compliance with this rule is monitored by the NASD."

I could interpret this in a number of ways. Are you saying that when "a customer" places an order the MM, must immediatley match that order and that is what we are seeing in today's trade activity? To me, this just says that once the order is complete, the MM must remove any indication that the order may still be open. In this way, their is no false appearance of high demand or low demand if the order was to sell..

Anyone have a link to the site where it shows you all the trades for the day.. I had one a while back and can't find it anymore. Such cryptic bs anymore
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y