RE:Bmo …lolSo Frank, How's all of this work? BMO, GS, CIBC etc are simply acting on many clients' wishes. The same trading house can be bidding and asking at different prices in different amounts of shares because they are brokers for many different clients who have different trading strategies.
So what's an mm? Mm's are employed by trading houses to do what exactly? I read it was to squeeze money out of the bid-ask spread. Do the mm's create the bid-ask spread or the "depth" as they call it when walls exist? If they do, it's only because they can. Where's the f'n bid intetest?