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Re: Lugheads1957 post# 500

Tuesday, 12/20/2005 1:58:50 PM

Tuesday, December 20, 2005 1:58:50 PM

Post# of 3310
It's my biggest beef with the MM structure.

The 5K "show" number at this spread would make the average trader pay way too much in commission to bother. Unfortunately, he probably can't show more because of the cutthroat competition. It would make a lot more sense to have 5K orders across the spread, and let someone who wants to buy SIZE to bid deep into the ASK, and they that want liquidity to sell deep into the BID. Just another off the Wall St. opinion.