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Re: Bgallatin post# 27066

Wednesday, 07/17/2013 1:34:11 PM

Wednesday, July 17, 2013 1:34:11 PM

Post# of 38473
B,

When I discuss the frustration I feel regarding the retail trading platforms it is because I know the statistics and I know that those platforms are crap.

A MM is not Etrade...though Etrade has market makers.

An exchange for example has multiple MM's and quite often a full pit crew for one single equity. A MM is the first person EVERYONE (SEC/FINRA ETC ETC) looks at for any allegation of impropriety.

Me going on and on about how Etrade and Schwab and TD are money traps is a one sided view because I've never used them personally (I trade on a DAT and custom platform) and never will.

Having been around just a lil longer than most and given my trade , I know more about MM's than most.
(If you know DAT, you'll understand the close relationship between a trader and MM using that platform).

At any rate... I read what you quoted me as saying... I am not trying to confuse... Etrade and TD etc... They have MM's but they have them because they are brokerages. If you're looking for manipulation through their MM's look elsewhere. It's widely known they'd tear each other apart if they had one shred of evidence that Etrade or Schwab were clean brokerages and TD or whoever else were manipulating retailers stocks.

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