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altruism

02/27/11 3:51 PM

#123428 RE: cubinvestor1 #123426

This would be awesome..... sounds like some clear transparency as opposed to the clouded transparency the mm's deal out if I'm reading this correctly. On the LII for pinks you can never see the actual bid and ask (ex. 2 mm's sitting on the ask seems thin, but they could be hold 30 million shares a piece at say .0043) they are almost always represented by a 5000 share "marker".

The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.



This will be nice here... to see what we're up against. The only down side is that you can only see best bids/ask for any mm.. so ETMM could have 500,000 @ .0043 500,000 @ .0044 500,000 @ .0045 and so on on the ask. But still all the more transparency the better thanks cub.
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Randolph Duke

02/27/11 5:34 PM

#123430 RE: cubinvestor1 #123426

Those new rules apply to all Pinks as well?
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phunnibone

02/28/11 9:28 AM

#123440 RE: cubinvestor1 #123426

I'm wondering if MMs do any shorting, and if so, I'm assuming the rule applies to them.