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average investor

06/18/04 11:32 AM

#32818 RE: Capitalist #32804

OT - Capitalist - at least third party manipulation would be eliminated (individual investors will always try to manipulate the system by setting High sell prices and Low buy prices).

It would also elimanate "shorting" of any kind, since buys and sells are matched in the price queue on a FIFO (first in/first out at that price match) basis.

It would also eliminate the level 1, 2 and 3, replacing it with one real-time quote system.

Just thinking out loud again.
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janice shell

06/18/04 8:52 PM

#33494 RE: Capitalist #32804

To some extent it exists: the ECNs only match orders.

I would favor something like that; it would be an objective system that wouldn't lend itself to manipulation.