RE: Why Blame MM’s14 Oct 2020 15:29
I thought the same bu then questioned LSE, HL, IG on this and they all said we don't deal directly. The brokers (aka MMs) set the buy & sell & hence have the spread between the two to make their commission etc If someone sells 2m shares there doesn't have to be a 2m share buyer. They may hold excess shares to resell etc at a higher price on their margin depending how they are pushing the market. Anyway, was told from 3 sources we don't deal directly. Looking at L2 you see the MMs but you all see the SETS matching, but somebody has to manage the transfer of shares to/from your broker etc via the intermediary. Interested if you have heard different?