eLayaway, Inc. (fka ELAY)

[kevin07kelly]

Understanding Level 2 and Market Makers Codes

http://stockalyzing.com/stock-learning/104-understanding-level-2-and-market-makers.html


Codes for Level 2

NITE - wholesaler
SCHB - wholesaler
TDCM - retailer
ETRD - retail ECN (Electronic Communication Networks)
ARCA - an ECN

NITE: This is the king MM of the OTCBB. He intimates traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid.

Other ECNs : ARCA, BRUT, BTRD, INCA, INTL, ISLD, REDI

Wholesalers : ETRD, HRZG, MASH, NITE, SHWB

Big Shorters : JIMK, POND, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).

TDCM - retailer MM.

Top Retail Dilutors : ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN

Biggest OTCBB ECNs : GNET, TRAC & DATA



OTC Bulletin Board Market Maker List - Who’s Who
ABLE Natexis Bleichroeder Inc.
AUTO Automated Trading Desk
BEST Bear, Stearns and Co Inc
BMIC Biltmore International Corpor
BOFA Banc of America Securities
DOMS Domestic Securities, Inc.
EDGX Direct Edge ECN LLC
ETRD E*Trade Capital Markets LLC
GARC ICAP Corporates LLC
GNLN Gunnallen Financial, Inc.
HDSN Hudson Securities, Inc.
HILL Hill, Thompson, Magid and Co.
LABS LaBranche Financial Services
MAXM Maxim Group LLC
MERI Merriman Curhan Ford & Co.
MURF Murphy and Durieu
NITE Knight Equity Markets, L.P.
PERT Pershing LLC
SALI Sterne, Agee & Leach, Inc.
SSGI Seton Securities Group Inc
STEW Collins Stewart LLC
UBSS UBS Securities LLC
VERT The Vertical Trading Group
VFIN vFinance Investments, Inc.
VIEW Viewtrade Securities, Inc.
VNDM Vandham Securities