RE: Del4426 Feb 2015 14:50
This is not about wholesale or retail. Its rather more like ebay, democratic and unrigged. AS for MMs make a turn, well, they are not needed.
My system is simple:
As MMs i today's computerised world are a just an unnecessary relic from the past, their monopoly should be dissolved. By all means if MMs want to carry on they are welcome but please give some transparency and democracy to us private investors and let us deal directly on the board - if we want to. Direct dealing (peer-to-peer perhaps?) is done successfully in other countries but I have a feeling London Stock Exchange has a finger in this pie, as they get almost twice as many trades when everything goes through these MMs sitting in the middle with their 2-12% ripoff "spread".