RE: £1.7M uncrossing trade29 May 2019 10:52
Wulbert - the mm's have to make a market and take normal mkt size buys or sells. Of course, the mm's end up with a round book or can be short or long in total. The sp moves during the auctions can be revealing as JKay points out. Some mm.s will try and make a few bob on the sp movements not just the bid offer. They are sneaky blighters at times. Remember when you trade, tgey take up the opposite position to you - can be risky hence the bid/offer. Anyway, a naff day today, poor volume, yanks not looking good - let's hope we get back to evens. GLA.