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Alias Born 04/29/2011

Re: None

Thursday, 06/09/2011 3:31:49 PM

Thursday, June 09, 2011 3:31:49 PM

Post# of 19899
In case anyone was wondering about L2 and the MM's the info below may help you have a greater understanding.


Thank you for your message regarding how the system works.

When looking at L2, you're possibly looking at both the retail transactions and/or trades for the market maker from his or her book. Market makers will reflect customer orders and they're also required to make a market in the stocks. I've included a link about level 2 that might be interesting to you:

http://www.investopedia.com/articles/trading/06/Level2Quotes.asp#axzz1Oneqdo22



Sincerely,

Gregg A Schowengerdt
9:00 am to 5:30 pm ET
1-800-503-9260 Ext. 3032361
Platinum Relationship Manager
E*TRADE Securities, LLC

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