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satelliteguy

01/06/14 7:58 AM

#11216 RE: Itza-Sherbet #11211

Yes, really. What is the date of the paper you cited?

Don't you think it would be wise for anyone who is trading OTC issues to have some idea of how the OTC market works in the 21st century?

To quote buff, "Frankly, I'm tired of explaining things to everyone." Suffice it to say that when a trader enters an order that meets the minimum size requirement, it is directly displayed on the bid or offer where it can be met directly by another trader on the other side of the trade. Very seldom do market makers get involved and trade for the spread in a liquid issue, although that was certainly the case in 1968 (and through most of the '90s). Sheesh.