RE: Wait is over !9 Jan 2024 15:05
LB..
The notion that MM's hold inventory out of the goodness of their hearts to maintain stock market liquidity is quite amusing..ππ
MM's will only hold 'inventory' if they can make a profit on it !
But, the need for any inventory at all is being negated by SETS and SETSqx ..!!
"What is SETS? Stock Exchange Electronic Trading Service (SETS) is London Stock Exchange's flagship electronic order book, trading FTSE 100, FTSE 250, FTSE Small Cap Index constituents, Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs), plus other liquid AIM, Irish and London Standard-listed securities. It features a full electronic order book with executable quotes and centralised clearing. The SETSqx trading service is more commonly used for less liquid or smaller companies."
So, if you want to be pedantic, it's not always equal, just 99% of the time!!π±π±
GLA
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