AI
Tuesday, May 31, 2011 3:49:01 PM
It is my understanding that sometimes they can get away with showing only "50" on the B/A if they're not the top bid or ask. Sometimes they can get away with it if they're on only one side and they're "holding" customer orders. But I've never seen someone on both sides of the B/A doing it while we have lots of volume. It was probably a short attack, but even so I'm not sure if this is illegal or not due to new FINRA rules. Image should be proof for us to at least query FINRA. The more we voice up, the more FINRA will also look into it.
It is everyone's money at stake :)
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