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Friday, 06/18/2004 11:11:36 AM

Friday, June 18, 2004 11:11:36 AM

Post# of 358440
OT - not to start an arguement, just discussion...

Would things not be better without the MM's in the middle of the transactions?

Why not an Electronic Market place (run by the SEC - not that I like them) where investor buy and sell orders are matched on a first in first out basis? The SEC already takes a fee on sells as it is, just have a fee on both sides to pay for the system.

Then the market would truely decide the price and movement of the stock. If someone wants to sell at X and no one wants to but except at X-1 then there is no sell until someone decides to move (not when a third party decides it).

Would seem to me that this would be a better way of doing things.

Just thinking out loud.

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