Replies to post #153148 on DD Support Board and Research Team

[N4longterm]

The MM can take it to the fifth or sixth digit, which on the sizable blocks being discussed would be considerable.

[janice shell]

I pay $5 a trade. Idk how it would get cheaper for him to use an MM

It has nothing to do with commissions. You pay the MM a fee. He works off your order throughout the trading session, or over several sessions. The idea is to affect stock price as little as possible.

In Pennyland, you see it done mostly by toxic lenders or other insiders with large amounts of stock to dump. But naturally it can be done the other way round.

[integral]

The MM makes $ in many ways. Also, this could be order flow from an Agency Trader. I am sure you have not heard of that. The MM can make $$$ via the spread, especially with pinks with 50% mark ups. Knight is notorious for paying for order flow from agencies. Also agency firms have many ways to charge fees, not $5 per order.

I spent years as an licensed professional Agency Trader, I managed ACTing my trades, clearing my trades, clearing my blotters and managing my accounting, with help from software.