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by jim_greco 4235 days ago
Very odd indeed. This is a complete regression to how the market was traded 20 years ago when every bank used to have a NASDAQ market making desk that would make a principal market in any security you wanted. Those desks all got wiped out when spreads collapsed because HFT firms could do it for a fraction of the cost.
1 comments

They had a big hand in wiping themselves out when they got caught colluding.