Futuris Company (FTRS)

[k_trader]

I think MM's would use a telephone, instant message, or some other means of communication. This is probably an "urban legend" or some kind of myth. I think a more likely explaination for this is:

"Many trading orders these days are executed by computers. Like human traders, the computers break big orders into small chunks (say, 100 or 500 shares) and then match them with orders on electronic stock exchanges. The reason the orders are broken into chunks is so they won’t move the market too much. Stock trading is relatively illiquid, and big orders can drive the price of a stock sharply up or down. Since the dawn of Wall Street time, clever traders have tried to hide the amount of stock they ultimately want to buy or sell to avoid having their own orders move the market sharply against them."

See
http://philsbackupsite.wordpress.com/2009/07/22/the-latest-wall-street-trading-scam-that-costs-you-billions/