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peorge

07/24/13 1:40 PM

#161003 RE: DJknows #161001

Such a savy investor, will you teach me how to buy a worthless grey and feel like I made an "investment".
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Pennystomper

07/24/13 3:41 PM

#161028 RE: DJknows #161001

So much for orders having to match?? It's almost as though mm's are actually papering these trades like pink, not a gray.
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DragonBear

07/24/13 4:00 PM

#161030 RE: DJknows #161001

Interesting I put in a small order at .005

and TDA got it for me at .0047 ...can anyone tell me what's going on?



Isn't that complicated. Someone had an Ask in at 0047 or slightly below. Your bid does essentially a wildcard match against the lower price. The selling broker gives their client the PPS they wanted, or maybe slightly better. Your broker gave you a better price that what you bid. Both parties should be very happy - they got what they wanted. No MM conspiracy as suggested by another. Just two brokers acting in the best interests of their clients.