wing_walker, Without knowing much about the regular SPZI MMs I'd be guessing LABS is trying to build their inventory (of SPZI) shares - thus the .011. Since I'm not familiar with the L2 board it looks as if LABS isn't offering shares for sale ? If that's correct it supports the idea of inventory building. milo3
my scottrade is not showing their bid at .011, and it looks sizeable according to L2... what about the time of the bid, has it been in since friday afternoon?
Could it be that the LABS bid is for too many shares?
I looked through the labranche (LABS) website and was pretty impressed with their client list