Hi, I'm the one who PM'd you and going to ask my Q's here. My first question is about Grey stocks, and how the execution of orders work. I understand that there are no bid/ask quotes, but how do brokers find out which orders they can match? There must be a system that shows what the bids and asks are. If so can we, as retail investors find out what the bid ask is on any website that you know of? (apart from calling your broker)
Another question I have is; are the transactions totally at random?
I mean, lets say stock ABC is trading at $1 and there are bids entered by investors with their brokers, lets say at $.80 & $0.70.
Can someone cut in line and dump xx shares at a bid sitting at $0.50 or do these orders have to wait until the higher bids are taken out (matched)?
PS Anyone who can provide a solid answer may chime in in this discussion... TIA
