Phish, "trade-out agreements" mean that the company gives MM's an inventory of stock to move the market. The MM's rip (buy) the upticks to dump on with the trade-out inventory. They buy shares & rip the uptick, then they DUMP on the uptick. They dump a block of their client's shares + enough to pay for ripping the uptick + enough for their kick-back/commission. This is how Olsen liquidated QBID stock.
Frankie: We've negotiated some trade outs with brokerage houses, but don't read too much into this....If there is a relationship between our company, I will tell you....This is just an agreement with a broker
````````````````````` MM Specialist
A member of an exchange who acts as the market maker to facilitate the trading of a given stock. The specialist holds an inventory of the stock, posts the bid and ask prices, manages limit orders and executes trades. They are also responsible to trade out of their own inventory to manage large movements. If there is a large shift in demand on the buy or sell side, the specialist will step in and sell out of their inventory to meet the demand until the gap has been narrowed.
News 
Market Data 
Discover 
AI
