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bundyelvis

12/31/10 3:31 PM

#24898 RE: bundyelvis #24897

Do you think .0175 is good?
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Essence Of Wealth

12/31/10 5:37 PM

#24911 RE: bundyelvis #24897

MM means Market Maker.

Market Maker
What Does Market Maker Mean?
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.

Investopedia explains Market Maker
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
http://www.investopedia.com/terms/m/marketmaker.asp

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In stock exchangeMost stock exchanges operate on a "matched bargain" or "order driven" basis. In such a system there are no designated or official market makers, but market makers nevertheless exist. When a buyer's bid price meets a seller's offer price or vice versa, the stock exchange's matching system decides that a deal has been executed.
http://en.wikipedia.org/wiki/Market_maker