Market Makers: Tricks of the Trade

[blurring]

i find this to be valuable info: OTC MMs have 90 seconds before they have to report a trade....

that means that mms can make it appear that a stock has stalled, that no shares are being exchanged for 90 seconds.

http://www.otcbb.com/aboutOTCBB/tradereprules.stm

OTC Market Makers shall, within 90 seconds after execution, transmit through ACT last sale reports of transactions in OTC Equity Securities executed during normal market hours. Transactions not reported within 90 seconds after execution shall be designated as late.

Non-Market Makers shall, within 90 seconds after execution, transmit through ACT or the ACT service desk (if qualified pursuant to Rule 7010(i)), or if ACT is unavailable due to system or transmission failure, by telephone to the Nasdaq Market Operations Department, last sale reports of transactions in OTC Equity Securities executed during normal market hours. Transactions not reported within 90 seconds after execution shall be designated as late.