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Re: neurotic trader post# 10478

Wednesday, 02/08/2012 5:57:11 PM

Wednesday, February 08, 2012 5:57:11 PM

Post# of 31709
Carm, they do, in fact, not show their true size. First they only have to show orders that are not AON. And they only have to show the best bid and ask. Let's say I put in an order to sell 200,000 shares at .009..my MM is ETMM, if that is the best ask for ETMM them my bid shows up on Level 2. If another E*trade investor puts in a bid to sell 5000 or more at .0089 then my bid is replaced by their bid. So ETMM really has 205,000 in size but only has to show 5000.