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Old 11-09-2007, 03:33 PM
Foghatlive Foghatlive is offline
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Join Date: Oct 2005
Location: Manhattan
Posts: 482
Default Question about NASDAQ Market Makers

According a spokesman for Nasdaq, each stock on the exchange has an avg of 11 market makers, with the largest volume stocks such as Microsoft having up to 50.

So, when a NASDAQ stock opens on a serious gap, as was the case, today, with Leap Wireless, who makes that decision? Is it a collective, or is it the mm with the largest stake?

Thx in advance

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