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My guess is not only "would" they do it, they do it right now. And
it works the same on the NYSE. A broker stands at the specialist
booth and tells the specialist to "put him on the book for 2000
shares" and let him know when that's done. Then, he just keeps
taking whatever comes in until he's filled.
You'll NEVER see a system where they show exactly what they
have. Even traders on this list that trade large lots don't show their
entire hand in one order. You're as likely to see a market maker or
broker showing everything he's got as you are to have the house in
Vegas show their hole card.
Date sent: Fri, 14 Jul 2000 09:57:22 -0600
From: "Gary Fritz" <fritz@xxxxxxxx>
To: omega-list@xxxxxxxxxx
Subject: Re: NASDAQ traders - FYI
> > But that benefit could be undermined by another SuperMontage
> > feature, called "reserve," which would let market makers advertise
> > a stated amount of shares they're willing to trade, when, in fact,
> > they're sitting on a much greater volume that they'd like to move.
>
> Even if this wasn't supported by the software, I'll bet the MM's
> would still do it. They'd just feed their big order into the market
> a few thousand shares at a time. (Don't they do this already?)
>
"Buy Low, Sell High"
(If this statment is used for financial gain, I am entitled to 10% of all profits. ;) )
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