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Re: [RT] Secrets of Floor Traders



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A lot of things happen that are not legal, but that doesn't mean that it is
condoned or that it happens as a normal course of business.  Ira

MS wrote:

> Hello Ira,
>
> Just because it is illegal doesn't mean it does not happen. I clerked
> for 3 OEX market makers and more than once there were trades that went
> on between them and the brokers they were standing next
> too...including one time the broker forgot to execute a trade for a
> customer and he and one of the guys I was clerking for did the trade
> just as the bell went off and it was a $9K trade in the market makers
> favor.
>
> you wrote:
>
> > This is illegal as can be.  Unless the rules have changed.  Ira
>
> --
> Namaste',
> Mark
>
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