?
don't really know where to start.
when you see a quote of bid and offer who do you think is
providing the offer ?
because, if you accept it, he has just made a contract with you.
whoever it is, he is making a market by making an offer.
it may just be a stale bear or it may be a major institution
providing liquidity or it could even be you if you have the bankroll
and software.
anybody who puts up a bid or offer is 'making a market' for
others to trade.
and its the same with stocks.
you cant trade unless somebody creates a bid or offer.
don't really know where to start.
when you see a quote of bid and offer who do you think is
providing the offer ?
because, if you accept it, he has just made a contract with you.
whoever it is, he is making a market by making an offer.
it may just be a stale bear or it may be a major institution
providing liquidity or it could even be you if you have the bankroll
and software.
anybody who puts up a bid or offer is 'making a market' for
others to trade.
and its the same with stocks.
you cant trade unless somebody creates a bid or offer.
jonnyy40
Experienced member
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Fantastic news!!!!!!!!!!!! Man just called up the stairs,my monitors have just been delivered. Come to sign. "there's been a mistake.there are only 2 on my van. Someone else has probably loaded it by mistake.I'll most likely be back here tomorrow."
bonsai,
a market maker provides a bid and an offer. He is making a market by quoting two prices .one at which his customers can buy and one at which his customer can sell. Prior to SETS the ftse100 stocks were traded mainly via mm's who quoted a bid and an offer and were obliged to trade up to a certain size.
To suggest that if someone makes an offer or a bid he is a market maker is wrong otherwise we could all claim to be market makers
a market maker provides a bid and an offer. He is making a market by quoting two prices .one at which his customers can buy and one at which his customer can sell. Prior to SETS the ftse100 stocks were traded mainly via mm's who quoted a bid and an offer and were obliged to trade up to a certain size.
To suggest that if someone makes an offer or a bid he is a market maker is wrong otherwise we could all claim to be market makers
I think my dissertation explains why the spread changes.
jobbers/mm's were human beings I guess ?
and reluctant to change old habits.
but it isnt true that they never changed their spread.
I remember a rather nasty day in 1987.
hope you never have to experience it.
jobbers/mm's were human beings I guess ?
and reluctant to change old habits.
but it isnt true that they never changed their spread.
I remember a rather nasty day in 1987.
hope you never have to experience it.
bonsai said:
You really dont get it.
Market makers operate with the permission of the exchange. They are officially designated.
"you dont have to do both".......are you suggesting that a mm does not have to provide both a bid and an offer?
move on by all means but lets avoid you misleading your readers
jonnyy40
Experienced member
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How about giving us a brief biog of your dad?(Martin is your dad?).He worked in the city before he wrote his book?Who were his influences.Over what sort of time frame did his theories gel?How true are you able to hold to his tenets? (i.e how much have the markets changed,if at all and to what degree?