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FBS

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Alias Born 08/24/2007

FBS

Re: binsleep post# 8475

Wednesday, 07/09/2008 12:16:43 PM

Wednesday, July 09, 2008 12:16:43 PM

Post# of 9653
well that last trade was for 108,400 shares, what's going on is MMrs are getting shares for .01 and then turn right around and selling them to Folks @.011.
Then when they print the two trades at the exact same time, they print the 108,400 @.011 first then the 108,400 @.01 second. That shows up on Level 1 as a .01 trade.
Many call this Mirror trading and it is done mostly because your MM doesn't have any NSHV to sell you so he Gets it from a MMr that does and skims the Diff.


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