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mstur29

11/06/07 1:49 PM

#23710 RE: Pachyderm #23708

Nasdaq/ otc markets counts and prints both transactions in a riskless principle trade

from seller to market maker, and then from market maker to buyer. Double-counting inflates the volume on Nasdaq and makes market makers liable twice for the resulting Section 31 transaction fees on what is, in effect, a single trade.