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Edited by xD&Cox, 12 February 2007 - 11:56 PM.
Posted 12 February 2007 - 11:54 PM
Edited by xD&Cox, 12 February 2007 - 11:56 PM.
Posted 13 February 2007 - 12:20 AM
Posted 13 February 2007 - 01:56 AM
Posted 13 February 2007 - 02:23 AM
Agreed.....Don't think they would not put up hedges.... futures or options.....I'd say the role of the specialist has changed. When I buy or sell a NYSE stock, it doesn't necessarily trade on the NYSE. In other words, the specialist doesn't see all the order flow like he did back in the old days (when the specialist short sale ratio was more relevant).
IT
Posted 13 February 2007 - 09:58 AM
Posted 13 February 2007 - 10:27 AM
Posted 13 February 2007 - 11:24 AM
To a point. Specialist's still have to create a "fair and orderly" marketplace. And as long as they can trade their own trading accounts in this same effort, I don't think I would "fade" those who actually merchandise the product being traded.I'd say the role of the specialist has changed.
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