Trenwick Group, Ltd.(fka TWKGQ)

[temp luvs amy]

Don't they teach you how the market works in Germany?

If you wish to purchase, you place the order at the ask. The spread is the MM's share, and he will not give you any until after his are filled. If you purchase at the ask, you take away from the MM's inventory. If he cannot fill your order at that price he gives you a partial and moves your price to the bid, and the ask moves away. He can then proceed to purchase back the shares he just sold you before you get another partial fill