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FBS

07/09/08 12:16 PM

#8480 RE: binsleep #8475

well that last trade was for 108,400 shares, what's going on is MMrs are getting shares for .01 and then turn right around and selling them to Folks @.011.
Then when they print the two trades at the exact same time, they print the 108,400 @.011 first then the 108,400 @.01 second. That shows up on Level 1 as a .01 trade.
Many call this Mirror trading and it is done mostly because your MM doesn't have any NSHV to sell you so he Gets it from a MMr that does and skims the Diff.