Replies to post #169922 on BOUNCE (BOING)

[cintrix]

yeah noticed that with doms too

[Pennyprof]

There are some exceptions:

Rule 6460 also includes parallel exceptions currently in place in Regulation NMS’s limit
order display rule (Rule 604 of SEC Regulation NMS). Thus, the new rule excepts any
customer limit order that is:
1 executed upon receipt of the order;
2 placed by a customer who expressly requests, either at the time that the order
is placed or prior thereto pursuant to an individually negotiated agreement with
respect to such customer’s orders, that the order not be displayed;
an odd-lot order;
3 a block size order, unless a customer placing such order requests that the order
be displayed;
4 delivered immediately upon receipt to a national securities exchange or an
ECN that widely disseminates such order and that complies with enumerated
requirements with respect to that order;8
5 delivered immediately upon receipt to another OTC Market Maker that complies
with the requirements of this rule with respect to that order; or
6 an all-or-none order.

http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p122114.pdf

[andrius]

with some orders showing up on L2 its a little more like nasdaq. but MMs trading for themselves or big diluters will still show minimum size while selling a black hole worth of shares.

I like our pennies the old way. If this is to suppose to make penny trading more transparent I am not buying it. Look at big boards, L2 is completely useless. reserve book orders, hidden orders, flash orders, pegging orders, etc etc. What L2 shows is never what market truly is....