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Wam342000

07/04/13 8:05 AM

#54877 RE: $kytrader #54876

but that order was too absurd to be manipulation.. if you use accounts in USA or Europe you WON'T be filled over the ask (there is a long chain of automatic checks), but using some asiatic or carribean brokers they ACCEPT every order, they don't care about customer safety

if level 2 shows 25000 x 0.154 = 3850$ that money is REAL, DTC doesn't allow fake trades, maybe a phone order to some inexperienced employee in some obscure Virginia Islands bank playing with level 3, who probably has been fired overnight for this dumb mistake but the money is REAL, it's responsibility of market maker to reject orders that don't comply with regulations



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QServus

07/04/13 11:17 AM

#54881 RE: $kytrader #54876

MMs manipulate any OTC stock. Even big & real stocks like FNM*