Monday, June 08, 2009 7:32:27 PM
http://pinksheets.com/pink/faq.jsp#13c
Interesting, they can be held liable for backing away if their quote is indicated as firm and they don't fill your match. Of course they will quote a small size even if they want or have more than what they're showing so they can always change their mind. That way they are obligated only to fill you for their quoted size which is usually very small and they've kept their risk low and their cards close to their vest. It's why you might get filled for 1 million shares even if they are only quoting 1000.
penn_e_pincher
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